MP Corporate Finance acted as the exclusive financial advisor to Capiton AG and the management in the acquisition of flexible packaging manufacturer Schur Flexible from Schur International a/s as part of the buy & build strategy.
Schur Flexible is a well-known packaging company in Europe with operations in Denmark, Germany, Poland and the Netherlands which produces high-end flexible packaging solutions for premium applications in the food, tobacco and health care industry. In 2011, Schur Flexible generated sales of approximately EUR 73 million and employed on average some 350 staff.
Following the acquisition of CFS Kempten in October 2011, Schur Flexible is the second investment in the buy and build concept currently implemented by capiton and Mr. Jakob A. Mosser. The aim of this concept is to build a specialised European group with a focus on high-end converted flexible packaging solutions for the food, health care and cosmetics industries by combining several suitable companies. Schur Flexible is a well-suited addition to the buy and build concept and offers significant potential for synergies with CFS Kempten, particularly in sourcing, production and sales/distribution.
Schur Flexible Holding will be managed by Mr. Jakob A. Mosser, who together with Schur International is a significant shareholder in the new holding company. Mr. Jakob A. Mosser has managed and co-owned Unterland Flexible Packaging AG in Austria and for the last three years he has been the CEO of the Consumer Flexibles Division of Mondi.
Capiton AG is an independent, partnerowned private equity company with funds of approximately € 786 million under management. At present, caption AG’s portfolio consists of 12 medium-sized companies. In its capacity as provider of equity finance, capiton supports management buy-outs and supplies growth financing to established, medium-sized companies.
MP Corporate Finance acted as the exclusive financial advisor to Lind Møbler Bramming A/S for the sale of of its Slovak subsidiary Lind Møbler Slovakia s.r.o. to 3C Holding GmbH.
Due to big changes in the business activities of the Danish Lind Group, the owner decided to sell the Slovakian subsidiary. After selling the Canadian business area in 2008 and the Mexican branch in 2009, Lind Mobler Slovakia s.r.o. was the last remaining operational business area of the Group.
The Lind Group was founded in Denmark by Mogens Lind in 1965. The company develops, produces and sells upholstery. Its customers are large store and furniture chains. In the early 1970s, the Lind Group became one of the world’s biggest furniture dealers for upholstery, with the result that production sites were set up in Denmark, Canada, Slovakia and Mexico over the next 35 years.
The 3C Group is a German upholstery manufacturer. The Group has various production sites in Central and Eastern Europe. 3C acquired Lind Mobler Slovakia to set up another Eastern European production and distribution centre and to strengthen the operative position of the 3C Group on the Scandinavian market with the “Lind” brand.