Aurora Resurgence sells Alltub Group to One Equity Partners
Frankfurt — Jones Day advised Aurora Resurgence on the sale of Alltub Group (“Alltub”) to One Equity Partners. Terms of the transaction were not disclosed. Aurora Resurgence is a subsidiary of Aurora Capital Group, a Los Angeles-based private equity firm that manages over $3 billion in assets,
Founded in 2005 as a spin-off of aluminum producer Alcan, Alltub is a market leader in specialty aluminum and laminate packaging for the cosmetics, pharmaceutical, food and industrial markets. Headquartered in Amsterdam, the group operates a global manufacturing and distribution platform with locations in the Czech Republic, France, Germany, Italy and Mexico, serving major customers around the globe. With sales of over 150 million euros in 2017 and more than 1,400 employees, the group has grown steadily in recent years.
“It has been a great experience working with Alltub and instituting a number of successful initiatives that have resulted in growth and profit expansion,” said Andrew Fohrer, Principal at Aurora Resurgence. “We are pleased to have participated in Alltub’s tremendous success and appreciate the efforts of Oliver Hoell and his team in delivering a great result for our investors. Today’s transaction represents a terrific outcome for the business and we wish the team all the best as they enter an exciting new chapter of growth.”
“It has been a privilege to partner with Aurora, and we are grateful for the operational expertise and strategic guidance they have provided us over the past seven years,” said Oliver Hoell, CEO of Alltub. “The dedication of our skilled workforce will allow us to continue expanding into new markets and delivering customer satisfaction. We look forward to working with One Equity Partners as we enter this new phase in our development and put our ambitious growth plans into action.”
“One Equity Partners has significant experience in the packaging industry and a notable track record of building successful companies,” said Johann-Melchior von Peter, Senior Managing Director at One Equity Partners. “Alltub fits perfectly into our portfolio. With a resilient business model and the clear potential to become a world-leading tube and aerosol player, Alltub is an ideal platform for buy-and-build opportunities in a consolidating market.”
Lincoln International acted as exclusive financial advisor and Jones Day acted as legal advisor to Aurora and Alltub.
The Jones Day team was led by My Linh Vu-Grégoire, photo (Partner, M&A, Frankfurt/ Amsterdam/ Paris). The following additional Jones Day attorneys were involved in the transaction: Dr. Sascha H. Schmidt (Of Counsel, Banking, Finance & Securities, Frankfurt), Dr. Holger Neumann (Partner, Public Law and Regulation, Frankfurt), Christian A. Krebs (Partner, M&A, Frankfurt), Dr. Johannes Zöttl (Partner, Antitrust, Düsseldorf), Markus Hamann (Of Counsel, Public Law and Regulation, Frankfurt), Bastiaan Kout (Associate, M&A, Amsterdam), Menno Geusens (Associate, M&A, Amsterdam) as well as lawyers from Jones Day’s offices in London, Milan, Mexico City, Munich, Paris, Pittsburgh and Washington.
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