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New Deal


Announced

Kin Group to acquire the remaining stake in Pact Group for AUD117m (excl.debt).

Financials

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Transaction Value£299m
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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packaging

Containers and Packaging

Australia

Acquisition

Domestic

Majority

Pending

Single Bidder

Hostile

Public

Private Equity

Synopsis

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Kin Group, a family office, offered to acquire the remaining 50% stake in Pact Group, a packaging company, for AUD117m (excl.debt). “Kin Group has every confidence in Pact and its employees. However, Kin Group considers that success for Pact is best achieved under private ownership without the additional costs, market volatility and complexities of being an ASX listed company," Kin Group.

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