KKR and Apollo Eye Logoplaste Acquisition
US private equity firms KKR and Apollo Global Management are among several potential bidders exploring an acquisition of Portuguese packaging company Logoplaste, with non-binding offers expected in May and the company potentially valued at more than €1.7bn, according to a report by Bloomberg citing unnamed sources. The process is being managed by Ontario Teachers’ Pension Plan (OTPP), which holds a 60% stake and is working with advisers on the potential sale, with a deal possibly concluding later this year. As private equity firms frequently pursue acquisitions in established sectors like packaging, this interest reflects ongoing activity in global buyouts.
Bidders and Sale Details
A broader group of financial sponsors and strategic buyers are evaluating Logoplaste, with buyers considering options such as acquiring a controlling stake or pursuing a full sale. Minority shareholders, including founder and chairman Filipe de Botton and board member Alexandre Relvas, may reinvest alongside a new owner, potentially retaining around 40% ownership. Discussions remain ongoing, and no transaction is guaranteed, according to Private Equity Wire.
Logoplaste’s Operations and Profile
Logoplaste generates roughly €1bn in annual revenue and operates a ‘wall-to-wall’ manufacturing model, embedding production facilities directly within customer sites to reduce logistics costs and improve efficiency. The company runs more than 60 plants across over 15 countries and supplies packaging to major consumer brands including Kraft Heinz, Diageo, and L’Oréal. This structure has been part of its business model since its establishment.
Ownership History and Prior Deals
OTPP acquired its majority stake in Logoplaste from Carlyle Group in 2021 in a deal valuing the business at about €1.4bn including debt, with Carlyle having previously invested approximately €660m in 2016. This follows a pattern of private equity involvement in the company, according to Private Equity Wire. As the private equity sector often sees multiple rounds of investment in growth-oriented firms, Logoplaste’s history underscores such dynamics.
