EQT Non-public Fairness has bought its stake in GPA International, a packaging providers supplier with operations throughout North America, Europe, and Asia, to Ontario Lecturers’
Underneath EQT Non-public Fairness’s tenure, GPA International has remodeled from an Asia-focused client electronics packaging specialist, into a worldwide packaging platform serving a well-diversified combine of consumers and end-markets
The sale of GPA International represents one other profitable exit for EQT Non-public Fairness in Asia and additional cements EQT’s general momentum in APAC
STOCKHOLM, Sept. 19, 2022 /PRNewswire/ — EQT is happy to announce that the EQT Mid Market Asia III fund (“EQT Non-public Fairness”) has accomplished the sale of its co-control stake in GPA International (“GPA” or the “Firm”) to Ontario Lecturers’ Pension Plan Board (“Ontario Lecturers”).
Based in 2007, GPA International is a worldwide packaging providers supplier. The Firm affords a complete suite of end-to-end providers throughout the packaging worth chain; together with prototyping, design, vendor administration, manufacturing and provide chain logistics. GPA offers these providers to a few of the world’s most well-known manufacturers, and has greater than 600 prospects throughout the beverage, client electronics, healthcare, magnificence and jewellery end-markets.
Since EQT Non-public Fairness’s funding in 2017, GPA has considerably expanded its functionality set and geographic footprint, and transitioned from an Asian focus into a worldwide platform working throughout North America, Europe and Asia. Over the 5 yr interval, the Firm has grown its working base from a single workplace in Asia to 31 international workplaces and amenities, together with 4 in-house manufacturing amenities, and expanded its worker base from round 150 to 2,000 as we speak.
GPA’s enlargement has partly been enabled by the profitable completion of seven strategic add-on acquisitions. These acquisitions served to diversify the Firm’s income base, improve its international manufacturing capabilities, and elevate its means to ship a differentiated worth proposition to prospects.
To assist its speedy progress, GPA additionally invested closely in constructing a deep administration bench with the suitable skill-set to assist future-proof its operations. This included on-boarding regional heads in North America and Europe following related acquisitions in these markets, and likewise bolstering useful senior management within the areas of finance, HR, digital and sustainability.
Tom Wang, Co-Founder and President of GPA stated, “GPA has undergone a metamorphosis over the previous 5 years, from an Asia-centric client electronics packaging specialist, into its place as we speak as a very international packaging platform that has a powerful market place throughout a diversified mixture of enticing end-markets. EQT has been instrumental in supporting this journey and have been nice companions within the improvement of our enterprise.”
Adam Melton, Co-Founder and CEO of GPA commented, “The expansion GPA has achieved over the previous 5 years is a testomony to our differentiated worth proposition within the packaging market. Our superb international crew carry innovation, customer-centricity and a nimble mindset to assist our prospects’ distinctive merchandise shine in a crowded market. Our entire crew have loved the partnership with EQT, and are equally enthusiastic about our future with Ontario Lecturers’.”
David Forde, Managing Director inside EQT Non-public Fairness’s Advisory Staff, stated, “GPA is a superb instance of how EQT can companion with founder administration groups to unlock the total potential of their enterprise, and assist their international enlargement ambitions. Along with rising earnings five-fold over the funding interval, GPA has additionally thoughtfully laid the foundations for sustained long-term progress by way of a continued broadening of its functionality set, geographic presence and addressable end-markets.”
Evercore acted as monetary advisor to GPA International and EQT Non-public Fairness on the transaction, and Baker McKenzie as authorized advisor to EQT Non-public Fairness.
EQT Press Workplace, [email protected], +46 8 506 55 334
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