MBO: DBAG FundVII acquires Cartonplast
Frankfurt a. Main — Shearman & Sterling has advised DBAG Fund VII, advised by Deutsche Beteiligungs AG (DBAG), on the acquisition of Cartonplast Group GmbH (Cartonplast), a leading European operator of a pool system for reusable plastic layer pads. In a management buy-out (MBO), DBAG Fund VII will acquire the majority of shares in Cartonplast from financial investor Stirling Square Capital Partners. The closing of the transaction is still subject to the approval of the antitrust authorities and is not expected before October 2019.
Cartonplast is the eighth investment of DBAG Fund VII. The company, headquartered in Dietzenbach, Germany, was founded in 1985. It primarily rents reusable and recyclable plastic liners for transporting glass bottles, cans and other glass or PET food containers to the manufacturers of these containers.
Shearman & Sterling regularly advises Deutsche Beteiligungs AG on transactions, most recently in October 2018 on the acquisition of SERO Schröder GmbH.
The Shearman & Sterling team included Dr. Thomas König and Associate Dr. Aliresa Fatemi (both Lead, Frankfurt M&A), Partner Dr. Esther Jansen (Frankfurt Finance) and Associates Denise Tayler, Evelin Moini, Sven Oppermann (all Frankfurt M&A), Martina Buller (Frankfurt Finance) and Dr. Astrid Ruppelt (Frankfurt Tax) as well as Transaction Specialist Deniz Alkanli (Frankfurt Finance).
Inhouse DBAG: Florian Döring
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Shearman & Sterling is an international law firm with 23 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling is represented at the Frankfurt office. The firm is one of the international market leaders in advising on complex cross-border transactions. Worldwide, Shearman & Sterling primarily advises international corporations and large national companies, financial institutions, and large mid-sized companies. For more information, visit www.shearman.com.