BDA advises Atlas Holdings on its majority stake sale of ASG Print to GPA Global
Divested ASG Print to GPA Global and EQT
BDA Partners is pleased to announce that its clients, Atlas Holdings and ASG, have sold ASG Print Holdings (“ASG Print”) to GPA Global (“GPA”), a premium packaging and display solutions provider, with operations in Hong Kong, China, US and Europe.
ASG Print is a European leader in packaging solutions for the home entertainment, health, beauty, and consumer electronics sectors.
EQT Partners acquired a co-control stake in GPA Global in 2017.
The sale of ASG Print includes a leading, low-cost manufacturing facility in Pruszków, Poland, together with the print technical sales offices in the UK, France and the Netherlands. The Pruszków plant produces high-quality folding cartons and rigid boxes, along with other specialist paper and board products. The acquisition represents a critical new hub for Hong Kong-based GPA in Europe.
BDA Partners was the exclusive financial advisor to ASG and Atlas on the transaction.
GPA Global’s CEO Adam Melton expressed his excitement about this new phase, praising the ASG Print team’s “decades of experience” and outlining the benefits of having a central European base: “As global supply chains are migrating closer to where products are consumed, having manufacturing in Poland is of strategic importance for GPA Global and we intend to continue to expand our presence in the region.”
President Tom Wang commented on GPA’s history as “the production partner for some of the most significant releases in the industry” and expressed his excitement in welcoming the ASG Print teams to the GPA family: “With our combined strength and capabilities, we look forward to expanding our global offering to our combined customer base.”
ASG Print’s Managing Director Jamie Toms also expressed his delight about the acquisition, explaining that with GPA’s support the site will be able to continue delivering “best in class” integrated supply chain solutions for their print packaging customers in Europe.
Jonathan Aiken, Managing Director, BDA London, said, “We’re pleased to have advised our long-standing client Atlas Holdings on this successful cross-border transaction. GPA’s acquisition underlines the attractiveness of Central Europe as a platform for international and Asian investment.”
Karen Cheung, Managing Director, BDA Hong Kong, said, “We continue to observe GPA’s international expansion with interest. The transaction overcame a range of carve-out challenges. We believe the outcome represents an excellent result for Atlas Holdings, ASG and for GPA.”
About Atlas Holdings
Atlas Holdings, based in Greenwich CT, USA, and its affiliates are a diversified group of 23 manufacturing and distribution businesses with 40,000 associates around the world. By focusing exclusively on sectors of expertise and partnering with exceptional management teams linked by a shared set of values and a common culture, Atlas creates and then executes upon value creation plans that deliver breakthrough operational and financial results over the long-term. www.atlasholdingsllc.com
About ASG Print
ASG is a specialized packaging company that provides innovative end-to-end solutions for the world’s premier consumer and media brands. Locations include Poland, France, the Netherlands and the United Kingdom. agiglobalholdings.com
About GPA Global
GPA Global is a one-stop-shop premium packaging and display solutions provider, with operations in Hong Kong, China, and the US. It offers turnkey solutions from design, engineering, production management and distribution. GPA Global combines product development expertise with low-cost manufacturing achieved through an extensive vendor network. Founded in 2009, the Company continues to be founder run and owned. EQT Partners acquired a co-control stake in GPA Global in 2017 and is currently the single largest shareholder of the company. www.gpaglobal.net
EQT Partners is a leading global private equity group with €71bn in assets under management across 27 active funds within two business segments – Private Capital and Real Assets. EQT has offices in 24 countries across Europe, Asia-Pacific and the Americas and has more than 1,000 employees. eqtgroup.com
About BDA Partners
BDA Partners is the global investment banking advisor for Asia. We are a premium provider of Asia-related advice to sophisticated clients globally, with 25 years’ experience advising on cross-border M&A, capital raising, and financial restructuring. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul and Tokyo. BDA has deep expertise in the Chemicals, Consumer & Retail, Health, Industrials, Services and Technology sectors. We work relentlessly to earn our clients’ trust by delivering insightful advice and outstanding outcomes. BDA Partners has strategic partnerships with William Blair, a premier global investment banking business, and with DBJ (Development Bank of Japan), a Japanese government-owned bank with US$150bn of assets.
US securities transactions are performed by BDA Partners’ affiliate, BDA Advisors Inc., a broker-dealer registered with the Securities and Exchange Commission (SEC). BDA Advisors Inc. is a member of the Financial Industry Regulatory Authority (FINRA) and SIPC. In the UK, BDA Partners is authorised and regulated by the Financial Conduct Authority (FCA). In Hong Kong, BDA Partners (HK) Ltd. is licensed and regulated by the Securities & Futures Commission (SFC) to conduct Type 1 and Type 4 regulated activities to professional investors. www.bdapartners.com
Divested Doosan E&C to a private equity consortium
Divested Walbro to Landon Capital & Nova Capital
Divested PCI Limited to Celestica Inc
Acquired NEC Energy Solutions from NEC Corporation
Divested India business to IMC Swarnaa Ventures Pvt Ltd
Divested majority stake in STS Group to Adler Pelzer Group
Divested 100% stake to a leading European water company
Divested 70% stake to SCG Packaging
Established JV with Superior Essex
Divested ThiPha Cable and Dovina to Stark Corporation
Divested Nagano Industry to JAFCO
Divested Nippon Oil Pump to CITIC Capital
Divested Parador to HIL Limited
Divested its 49% stake in Mitsubishi Motors Philippines
Divested 80% stake to JKL Partners
Divested Model Solution to Hankook Tire
Acquired roller coaster manufacturer, Vekoma Rides
Divested MFS Technology to DCP Capital
Divested shares of Taiheiyo Seiki Holding to TKY