Atlas Tapes Acquires PPM Industries from Auctus Capital Partners
Deal News | Nov 29, 2024 | Finance Community IT - 1 Corporate M&A
Atlas Tapes, a leader in packaging and adhesive tape production, has successfully acquired 100% of PPM Industries from AUCTUS Capital Partners and Matteo Pellegrini. This acquisition follows Atlas Tapes' recent purchase of the majority stake in Swiss Quality Paper AG. The synergies created by combining Atlas Tapes with PPM Industries are expected to make the new entity a global leader in the adhesive tape and specialty paper industry, with projected revenues of 270 million euros and nearly 1,000 employees. The strategic move also underscores Atlas Tapes' commitment to innovation and sustainability in providing adhesive solutions. Mediobanca acted as the financial advisor for Atlas Tapes, with legal advice from the firms Kyriakides Georgopoulos and Baker & McKenzie, and PwC conducted the accounting and tax due diligence. Meanwhile, Matteo Pellegrini and PPM Industries were advised by legal teams from PedersoliGattai, Pirola Pennuto Zei, and Papapolitis & Papapolitis, and Auctus Capital Partners was advised by NCTM. The combined entity seeks to focus on reducing the carbon footprint and enhancing sustainability, covering a wide geographical area, with manufacturing plants in Greece, Switzerland, Italy, the UK, India, and the USA.
Sectors
- Manufacturing
- Private Equity
- Legal Services
Geography
- Italy – PPM Industries and several legal advisors are based in Italy, making it a key geographical focus.
- Greece – Atlas Tapes has its operations, emphasizing Greece's role in the acquisition strategy.
- Switzerland – Part of the operations pertinent to Atlas Tapes and Swiss Quality Paper AG is based here.
- Global – Both companies have operations across multiple countries, such as the UK, India, and the USA.
Industry
- Manufacturing – Focuses on the production of adhesive tapes and paper products as highlighted by both Atlas Tapes and PPM Industries.
- Private Equity – The involvement of AUCTUS Capital Partners as the selling entity emphasizes the role of private equity in the acquisition proceedings.
- Legal Services – Multiple legal advisors participated in the transaction, indicating the importance of legal services in M&A activities.
Financials
- 270 million euros – Expected revenue generation from the new combined entity post-acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atlas Tapes | Target Company | Company | A global leader in packaging, paper, and adhesive tape solutions. |
| PPM Industries | Target Company | Company | Producer of specialty adhesive tapes for various applications. |
| Auctus Capital Partners AG | Selling Company | Company | A German-Italian private equity firm involved as the seller in the acquisition. |
| Mediobanca | Financial Advisor | Company | Provided financial advisory services to Atlas Tapes during the acquisition. |
| Matteo Pellegrini | CEO and Former Owner | Person | CEO of PPM Industries and partial vendor in the transaction. |
| Kyriakides Georgopoulos | Legal Advisor | Company | Provided legal advisory services to Atlas Tapes. |
| Baker & McKenzie | Legal Advisor | Company | Another legal advisor to Atlas Tapes. |
| PwC | Due Diligence Advisor | Company | Conducted accounting and tax due diligence for Atlas Tapes. |
| PedersoliGattai | Legal Advisor | Company | Provided legal services to Matteo Pellegrini and PPM Industries. |
| Pirola Pennuto Zei | Legal Advisor | Company | Assisted in legal matters for Matteo Pellegrini and PPM Industries. |
| Papapolitis & Papapolitis | Legal Advisor | Company | Offered legal guidance to Matteo Pellegrini and PPM Industries. |
| NCTM | Legal Advisor | Company | Legal advisor to Auctus Capital Partners in the sale of PPM Industries. |