International private equity firm One Equity Partners (OEP) has reached an agreement to acquire a 66% stake in Constantia Packaging AG. The transaction will take place via OEP’s holding, Sulipo Beteiligungsverwaltungs GmbH. As required by law, OEP will announce a public offer for the remaining shares of Constantia at €38.67 per share. The deal, which is subject to regulatory approval by the Austrian government, will be financed entirely with OEP’s equity capital.
Constantia Packaging AG (www.constantiapackaging.com)
Constantia Packaging AG manufactures packaging materials for a variety of industries including automotive, food and beverage, and pharmaceutical, in the form of corrugated board, plastic, raw aluminium, and semi-finished aluminium products.
Employing 7,600 people, Constantia Packaging AG is based in Vienna.
One Equity Partners (www.oneequity.com)
Founded in 2001, One Equity Partners is as an international investment management firm with a long list of well-known clients. Among those is J.P. Morgan, for whom OEP exclusively manages nearly USD 8 billion in assets.
The typical OEP investment ranges between USD 50 million to USD 200 million and is focused on the chemicals, defense, healthcare, manufacturing, technology, and travel sectors. OEP operates offices in New York, Chicago, Menlo Park, Frankfurt and Hong Kong.