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New Deal


Announced

Apollo Global and Schur creditors to acquire a 80% stake in Schur Flexibles from B&C Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Friendly

Majority

Private

Private Equity

Pending

Acquisition

Austria

Containers and Packaging

packaging services

Synopsis

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Private equity firms Apollo Global Management and Schur creditors, agreed to acquire an 80% stake in Schur Flexibles, a packaging manufacturer from B&C Group, a long-term investment company. Financial terms were not disclosed. The exit comes after B&C discovered massive irregularities in the balance sheets of previous years and gross misconduct by former managers at Schur Flexibles.

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