Deals

Turkish Kalenobel sold to South African Mondi Group

109 Argus - Mondi
Datum:
2016
Branche:
Packaging
Länder:
Turkey, South Africa, UK
Competences:
Sell side, Cross border

MP Corporate Finance acted as financial advisor to the owners of Turkish Kalenobel in its sale to Mondi Group at a valuation of about EUR 90m for 90% of the shares. Kalenobel is a leading producer of flexible ice cream packaging and aseptic packaging.

Turkish Kalenobel is  a leading consumer packaging company focused on the manufacture of flexible consumer packaging for ice cream and other applications as well as aseptic cartons. Headquartered in Istanbul (TR), the company supplies both international FMCG companies in Europe and the MENA region as well as regional food and beverage producers. Kalenobel operates two modern production facilities in the northwest of Istanbul.

Mondi is an international packaging and paper group with annual sales of more than € 6.8 bn and key operations in central Europe, Russia, North America and South Africa. The company is fully integrated across the packaging and paper value chain. Mondi offers more than 100 packaging and paper products with a variety of applications including stand-up pouches, cement bags, clever retail boxes or office paper.

The acquisition of Kalenobel accelerates Mondi‘s growth in consumer packaging by adding new applications to Mondi‘s already broad product portfolio as well as expanding the company’s geographic reach to interesting high-growth markets.

LENZING AG sold DOLAN GmbH and ECF GmbH to WHEB Partners

95 Lenzing - Dolan,ECF - WHEB
Datum:
2015
Branche:
Plastics
Länder:
Austria, Germany, UK
Competences:
Carve out, Cross border, Sell side

MP Corporate Finance acted as the exclusive financial advisor to Austrian man-made fibre producer LENZING AG in the spin-off of the company’s acrylic fibre business.

As part of its efforts to further concentrate on its core business of manufacturing man-made cellulose fibres, Lenzing AG agreed to divest its acrylic fibre operations, represented by German DOLAN GmbH and ECF GmbH to UK-based private equity fund WHEB Partners and private investor Mr Jan Verdenhalven.

The sale to WHEB and Mr Verdenhalven sees both companies in capable hands to successfully develop the business and support DOLAN and ECF on their respective growth paths.

DOLAN manufactures high-quality spun-dyed acrylic fibres for demanding applications in soft car tops, outdoor upholstery and awnings, as well as technical acrylic fibres used in industrial filtration, highway construction and high-friction applications such as automotive brake-pads.

A joint-venture with Kelheim Fibres, ECF is a producer of carbon fibre precursor, an acrylic fibre used as raw material in the manufacturing of high-reliability carbon fibres. ECF’s particular precursor is qualified for use in automotive applications as well as interior fitting of aeroplanes and technical applications such as civil engineering.

The combined operations of DOLAN and ECF generated approx. € 70m in sales.