Transaction: Divestments
Date: June 2017
Deal value: Not diclosed
Process: Private auction
Industry: Manufacturing

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FIH Partners advised EQT on the divestment of Færch Plast to Advent International

FIH Partners advised EQT, one of the leading private equity groups in Northern Europe, on the divestment of Faerch Plast, one of Europe’s leading producers of packaging for the food industry to Advent International, a global private equity firm.

Færch Plast was founded in 1969 and is headquartered in Holstebro, Denmark. The Company is a provider of customised plastic packaging trays for the food industry and manufactures more than 5 billion trays annually. Færch Plast offers a full range of rigid plastic trays within Fresh Meat, Food-to-Go and Ready Meals, and today the Company has leading positions within its target segments across Europe.

During the ownership of EQT, Færch Plast has been transformed into a European leader within its target segments through organic growth, cost improvements, product expansions and increased scale from two add-on acquisitions

In 2016, Færch Plast realised revenues of approximately DKK 2.1 billion and EBITDA of more than 500 million. The company employs more than 1,100 people with local operations in more than 15 countries.

The parties have agreed not to disclose the financial details of the transaction.