- EQT Private Equity has sold its stake in GPA Global, a packaging services provider with operations across
North America ,Europe , andAsia , to Ontario Teachers'
- Under EQT Private Equity's tenure, GPA Global has transformed from an
Asia -focused consumer electronics packaging specialist, into a global packaging platform serving a well-diversified mix of customers and end-markets
- The sale of GPA Global represents another successful exit for EQT Private Equity in
Asia and further cements EQT's overall momentum in APAC
EQT is pleased to announce that the EQT Mid Market Asia III fund ("EQT Private Equity") has completed the sale of its co-control stake in GPA Global ("GPA" or the "Company") to
Founded in 2007, GPA Global is a global packaging services provider. The Company offers a comprehensive suite of end-to-end services across the packaging value chain; including prototyping, design, vendor management, production and supply chain logistics. GPA provides these services to some of the world's most well-known brands, and has more than 600 customers across the beverage, consumer electronics, healthcare, beauty and jewelry end-markets.
Since EQT Private Equity's investment in 2017, GPA has substantially expanded its capability set and geographic footprint, and transitioned from an Asian focus into a global platform operating across
GPA's expansion has partly been enabled by the successful completion of seven strategic add-on acquisitions. These acquisitions served to diversify the Company's revenue base, enhance its global manufacturing capabilities, and elevate its ability to deliver a differentiated value proposition to customers.
To support its rapid growth, GPA also invested heavily in building a deep management bench with the appropriate skill-set to help future-proof its operations. This included on-boarding regional heads in
Evercore acted as financial advisor to GPA Global and EQT Private Equity on the transaction, and
Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
EQT is a purpose-driven global investment organization with
More info: www.eqtgroup.com
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About GPA Global
More info: www.gpaglobal.net
https://news.cision.com/eqt/r/eqt-private-equity-sells-its-stake-in-gpa-global,c3632799
https://mb.cision.com/Main/87/3632799/1628086.pdf
https://news.cision.com/eqt/i/eqt-gpa-global,c3090513
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