Suma Capital Successfully Completes Sale of Alucan Entec to Ball Corporation
Deal News | Nov 06, 2024 | Iberian Lawyer
Suma Capital, a prominent private equity firm, has successfully exited its investment in Alucan Entec, a Spanish company specializing in the production of aluminum aerosols and bottles. The sale, completed to Ball Corporation—a global leader in sustainable aluminum packaging—includes Alucan Entec's Belgian subsidiary, Alucan Benelux. This strategic acquisition allows Ball Corporation to enhance its European market presence and expand its sustainable packaging solutions. The transaction was part of a competitive bid in which Ball was the successful buyer. Dentons, a global law firm, advised Suma Capital, with the sale being orchestrated by partner Nieves Briz and counsel Natalia Ontiveros, ensuring the private equity firm achieved a successful divestment from a significant portfolio asset.
Sectors
- Private Equity
- Packaging Industry
- Legal Advisory
- Mergers & Acquisitions
Geography
- Spain – Alucan Entec is headquartered in Spain and was part of the sale.
- Belgium – Alucan Entec's wholly owned subsidiary, Alucan Benelux, is based in Belgium and included in the sale.
- United States – Ball Corporation, the acquirer, is a U.S.-based company.
Industry
- Private Equity – The transaction involves Suma Capital, a private equity firm, undergoing a strategic divestment.
- Packaging Industry – Alucan Entec operates within the packaging industry, manufacturing aluminum aerosols and bottles.
- Legal Advisory – Dentons, a law firm, provided legal advisory services for the transaction.
- Mergers & Acquisitions – The transaction involves the acquisition of Alucan Entec by Ball Corporation.
Financials
- – No specific financial numbers were provided for the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alucan Entec | Target company | Company | Spanish company specializing in manufacturing aluminum packaging. |
| Suma Capital | Selling company | Company | Private equity firm involved in the strategic divestment. |
| Ball Corporation | Bidding company | Company | U.S.-based global leader in aluminum packaging. |
| Dentons | Legal advisor | Company | Global law firm advising Suma Capital on the transaction. |