maconda supports Lindsay Goldberg Vogel with a Commercial Due Diligence for an acquisition in the packaging industry
maconda News October 2012
We look back on eventful months. Highlights in our “Commercial Transaction Services” business area – services related to company sales – included the acquisition of frozen snack manufacturer frostkrone by AXA Private Equity and the investment by Avedon Capital Partners in the mid-sized receivables management service provider Tesch Inkasso. In addition, several (still) unpublished deals as well as projects for operational preparation of company sales (“Exit Readiness”).
In 2012, the international maconda team supported the US-based private equity firm Lindsay Goldberg, represented in Central Europe by Lindsay Goldberg Vogel GmbH, on multiple occasions with due diligence reviews including potential synergy areas.
About a week ago, the investor acquired Plasticum Group B.V., Netherlands. In 2011, it generated revenues of approximately €61 million and manufactures specialized dosing dispensers and closures for personal care and cosmetic products, food, and household products at four production facilities in the Netherlands, Germany, and the United Kingdom.
Already in March 2012, Lindsay Goldberg acquired the leading manufacturer of plastic closures for consumer goods, Weener Plastik AG from Lower Saxony, which generated revenues of approximately €140 million in 2011 with more than 1,200 employees. Weener designs, engineers, and manufactures primarily innovative plastic closures (“Caps & Closures”), also for the personal care/cosmetics, household, and food segments as well as for chemicals and pharmaceuticals. The product portfolio includes closure caps, valve closures, plastic bottles, jars, as well as dispensers and dosing systems. The Weener Group has production facilities in 21 countries and is represented in Europe and North America as well as in the dynamically growing countries of South and Central America, Africa, and Asia, which was incorporated into our international due diligence approach.
Paul Pruss from Lindsay Goldberg Vogel: “maconda’s high level of expertise in Commercial Due Diligence and strategic analyses in the primary packaging industry, based on an in-depth understanding of packaging product requirements from users in the world’s key regions, convinced Lindsay Goldberg to collaborate.” An important aspect of maconda’s work in preparation for the acquisition of Plasticum was the assessment of market-side synergies with Weener Plastik, comparing customers and product programs, regions, as well as mutual knowledge transfer.
Of course, we are also available to you as a competent and trustworthy partner. For consumer goods, in the packaging industry as well as in other sectors, for Commercial Due Diligence (also on the seller side), value creation projects, business development, international expansion, and strategic and operational restructuring. Contact us at any time if you need expertise in these areas. We are happy to be there for you!