Carton Pack Acquires Clifton Packaging Group
Deal News | Nov 21, 2024 | a&m capital europe
Carton Pack, a portfolio company of A&M Capital Europe (AMCE), has acquired UK-based Clifton Packaging Group, a leading provider of flexible food packaging solutions. Clifton, founded in 1981 and headquartered in Leicester, UK, is renowned for its recyclable films and resealable pouches, primarily serving the protein and snacks markets. Following the acquisition, Clifton will continue under the current management. This deal marks Carton Pack’s third add-on acquisition since AMCE acquired a majority stake in it in April 2022. Carton Pack, established in 1970 and headquartered in Puglia, Italy, specializes in recyclable packaging for Europe's food markets. Legal, financial, and commercial advisory support for this transaction was provided by several firms, including Chiomenti, Weil Gotshal & Manges, and PWC. AMCE is part of A&M Capital with commitments totaling approximately €5.5 billion for investment strategies and has executed its twenty-fifth transaction across eight portfolio companies.
Sectors
- Private Equity
- Packaging
- Food and Beverage
Geography
- United Kingdom – Clifton Packaging Group is headquartered in Leicester, UK, and this transaction increases Carton Pack's presence in the UK market.
- Italy – Carton Pack is headquartered in Puglia, Italy, and plays a central role in the acquisition.
Industry
- Private Equity – The article details the investment actions of a private equity firm, A&M Capital Europe, through its portfolio company Carton Pack.
- Packaging – The acquisition involves companies specialized in food packaging solutions, with a focus on flexible packaging.
- Food and Beverage – The acquisition enhances Carton Pack's focus on sectors like protein and snacks by acquiring a company that serves these markets.
Financials
- 650 million – Total commitments under management by A&M Capital Europe's Fund I.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carton Pack | Bidder | Company | A portfolio company of A&M Capital Europe, specializing in multi-material recyclable packaging solutions. |
| Clifton Packaging Group | Target | Company | A UK-based provider of innovative primary flexible food packaging solutions. |
| A&M Capital Europe | Private Equity Firm | Company | A London-headquartered private equity firm managing funds and executing buy-and-build strategies in Europe. |
| Chiomenti | Legal Advisor | Company | Provided legal advice for M&A and corporate matters for the acquisition. |
| Weil Gotshal & Manges | Legal Advisor & Financing Advisor | Company | Served as legal counsel and financing advisor for the acquisition. |
| Charles Russell Speechlys | Legal Advisor | Company | Provided legal advisory services for the acquisition. |
| PWC | Accounting and Tax Advisor | Company | Provided accounting and tax advisory services for the acquisition. |
| EY | Accounting and Tax Advisor | Company | Provided accounting and tax advisory services for the acquisition. |
| Food Strategy Associates | Commercial Advisor | Company | Provided commercial advisory services. |
| Howden | Insurance Advisor | Company | Provided insurance advisory services for the acquisition. |
| Ramboll | Environmental Advisor | Company | Provided environmental advisory services for the acquisition. |