Toppan Acquires 80% Stake in Irplast from Cheyne

Deal News | Jun 06, 2025 | Finance Community IT - 3 Private Equity

Toppan Acquires 80% Stake in Irplast from Cheyne

Toppan, a Japanese conglomerate, has successfully acquired an 80% stake in the Italian company Irplast from the British investment fund Cheyne Strategic Value Credit (SVC). Irplast's management will retain the remaining 20% stake and continue leading the company. Financial advice for Cheyne during the divestment was provided by Houlihan Lokey, with legal support from Chiomenti, while Irplast was counseled by BonelliErede. Toppan was advised by EY India, KPMG, Bird&Bird, and SAM&Co. The acquisition aligns with Toppan's strategic goals to enhance its footprint in the European market. Irplast is poised for substantial growth, planning to triple its production capacity with new technological installations. Irplast's CEO, Fausto Cosi, emphasized the enhanced growth prospects and aligned sustainability goals with Toppan, particularly in the packaging sector.

Sectors

  • Investment and M&A
  • Packaging and Manufacturing

Geography

  • Japan – Home country of Toppan, the acquiring conglomerate, focusing on expanding its European presence through strategic acquisitions.
  • Italy – Location of Irplast, the target company being acquired, which is central to the acquisition's strategic significance in the European market.
  • United Kingdom – Home of Cheyne Strategic Value Credit, the PE firm selling its majority stake in Irplast.

Industry

  • Investment and M&A – The article discusses the successful acquisition of the Italian company Irplast by the Japanese conglomerate Toppan, highlighting key advisory players and strategic goals.
  • Packaging and Manufacturing – Irplast operates in packaging, and the acquisition will enhance Toppan's capabilities in sustainable packaging solutions, aligning with Irplast's production advancements.

Financials

    Participants

    NameRoleTypeDescription
    Toppan Specialty FilmsAcquirerCompanyA subsidiary of the Japanese conglomerate Toppan, leading the acquisition of Irplast to enhance the group's packaging solutions.
    IrplastTarget CompanyCompanyAn Italian packaging company, whose majority stake is acquired by Toppan, with a focus on sustainable packaging solutions.
    Cheyne Strategic Value CreditSellerCompanyA British investment fund and the majority shareholder of Irplast, divesting its stake to Toppan.
    Houlihan LokeyFinancial AdvisorCompanyAdvisory firm supporting Cheyne during the sale process of Irplast.
    Chiomenti Studio LegaleLegal Advisor to CheyneCompanyLaw firm providing legal counsel to Cheyne for the divestment process.
    BonelliEredeLegal Advisor to IrplastCompanyLegal firm advising Irplast in the acquisition process.
    EY IndiaAdvisor to ToppanCompanyAdvising Toppan Specialty Films during the acquisition process.
    KPMGAdvisor to ToppanCompanyConsulting firm involved in advising Toppan Specialty Films on the acquisition.
    Bird&BirdLegal Advisor to ToppanCompanyLaw firm advising Toppan during the acquisition decision.
    SAM&CoLegal Advisor to ToppanCompanyLaw firm providing additional legal counsel to Toppan in the acquisition process.
    Fausto CosiCEO of IrplastPersonCEO of Irplast who will continue in leadership post-acquisition.
    Luca de BartoloCOO of IrplastPersonChief Operating Officer of Irplast, working closely with Toppan's management post-acquisition.