Capiton exits its Austria packaging plant Schur Flexibles to Lindsay Goldberg
The shares in Schur Flexibles Group held by Capiton, Schur International and the management team have successfully been sold to private equity firm Lindsay Goldberg, in Europe represented by Lindsay Goldberg Vogel GmbH, Germany.
As part of the share sale signed now, the shareholders of Schur Flexibles Group have sold their shareholdings to funds advised by Lindsay Goldberg and the management team. The new owners intend to continue the successful growth of the group organically and through acquisitions of further target companies in and outside of Europe, some of which have already been identified. The transaction is still subject to the approval of the antitrust authorities.
Lindsay Goldberg Vogel is the exclusive European advisor to the New York based fund Lindsay Goldberg, which controls committed equity capital of over $ 13 billion since its inception in 2002. Lindsay Goldberg Vogel is committed to forming long-term partnerships with outstanding management teams and mid-market companies and has high proven expertise in industrial holdings.
Subsequent to our first years as a group, where we experienced tremendously strong support by our major shareholder Capiton, Berlin, we can now rely on Lindsay Goldberg as an industry experienced and strongly capitalized owner offering an excellent basis for further corporate development. After a short period of consolidation we are now entering a new exciting phase of further expansion to become an even more attractive producer and innovation partner by progressing our strategic focus on premium technology. The CEO and co-owner, Jakob A. Mosser who has founded the group in the context of a “buy and build” concept will continue to lead Schur Flexibles.
We are looking forward to a successful collaboration with Lindsay Goldberg and our valued clients and business partners, who will be able to benefit from an even broader portfolio of services and products in the future!
Source : Schur Flexibles Group Press Release