The private equity fund Lindsay Goldberg, New York, concluded an agreement with Capiton and certain other sellers on the purchase of the Schur Flexibles Group.
The Schur Flexibles Group is a leading European manufacturer of flexible packaging and, with its some 1,100 employees, generated turnover of around EUR 370 million in 2015. Schur Flexibles Group has eleven production sites in Germany, Finland, Denmark, the Netherlands, Poland, Slovakia and Greece. It manufactures flexible packaging − mainly composite products made of paper, plastic and aluminium. Its customers are from the food, tobacco and pharmaceuticals industry. Schur Flexibles Group covers the entire value chain of the packaging industry − from the procurement of raw materials to extrusion, printing and laminating all the way through to processing. The amount of the purchase price is confidential.
The transaction is subject to clearance by the respective merger control authorities.
Lindsay Goldberg is a US private equity fund and manages own funds of around USD 14 billion. In Europe, Lindsay Goldberg is advised by Lindsay Goldberg Vogel.
Lindsay Goldberg was advised by the following team of Gleiss Lutz lawyers: Dr. Fred Wendt and Dr. Urszula Nartowska (both lead, partners, corporate/M&A, Hamburg), Dr. Johann Wagner (partner), Dr. Hendrik Marchal (both tax, Hamburg), Frank Schlobach (partner, banking and finance, Frankfurt), Dr. Andreas Neun (partner, public law, Berlin), Dr. Stefan Lingemann (partner, employment, Hamburg/Berlin), Dr. Johannes Niewerth (partner, real estate, Berlin), Dr. Iris Benedikt-Buckenleib (counsel, antitrust, Munich), Dr. Maximilian Habel (corporate/M&A, Hamburg) and Karsten Kreiling (corporate/M&A, Berlin/Hamburg).
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