Oxy Capital and illimity Bank to acquire Gpack Group for $72m.

Oxy Capital, a private equity firm, and illimity Bank, a banking group, agreed to acquire Gpack Group, a company engaged incompanies in the manufacturing of cardboard boxes and cartons and similar materials for the luxury, pharma, cosmetics and food & beverage markets, for $72m. “We are especially pleased with the opportunity given to us to extend cooperation with illimity, one of the leading players in the distressed credit sector, with whom we are already working in Olio Dante and with whom we have analysed various files together over the past few years. We are therefore looking forward to continuing cooperation in the future on other operations in the UTP loan sector, to the benefit of the Italian productive system," Enrico Luciano, Oxy Capital Partner.