MBO: DBAG FundVII acquires Cartonplast

Frank­furt a. Main — Shear­man & Ster­ling has advi­sed DBAG Fund VII, advi­sed by Deut­sche Betei­li­gungs AG (DBAG), on the acqui­si­tion of Carton­plast Group GmbH (Carton­plast), a leading Euro­pean opera­tor of a pool system for reusable plas­tic layer pads. In a manage­ment buy-out (MBO), DBAG Fund VII will acquire the majo­rity of shares in Carton­plast from finan­cial inves­tor Stir­ling Square Capi­tal Part­ners. The closing of the tran­sac­tion is still subject to the appr­oval of the anti­trust autho­ri­ties and is not expec­ted before Octo­ber 2019.

Carton­plast is the eighth invest­ment of DBAG Fund VII. The company, head­quar­te­red in Diet­zen­bach, Germany, was foun­ded in 1985. It prima­rily rents reusable and recy­clable plas­tic liners for trans­port­ing glass bott­les, cans and other glass or PET food contai­ners to the manu­fac­tu­r­ers of these containers.

Shear­man & Ster­ling regu­larly advi­ses Deut­sche Betei­li­gungs AG on tran­sac­tions, most recently in Octo­ber 2018 on the acqui­si­tion of SERO Schrö­der GmbH.

The Shear­man & Ster­ling team included Dr. Thomas König and Asso­ciate Dr. Aliresa Fatemi (both Lead, Frank­furt M&A), Part­ner Dr. Esther Jansen (Frank­furt Finance) and Asso­cia­tes Denise Tayler, Evelin Moini, Sven Opper­mann (all Frank­furt M&A), Martina Buller (Frank­furt Finance) and Dr. Astrid Ruppelt (Frank­furt Tax) as well as Tran­sac­tion Specia­list Deniz Alkanli (Frank­furt Finance).

Inhouse DBAG: Florian Döring

About Shear­man & Sterling
Shear­man & Ster­ling is an inter­na­tio­nal law firm with 23 offices in 13 count­ries and appro­xi­m­ately 850 lawy­ers. In Germany, Shear­man & Ster­ling is repre­sen­ted at the Frank­furt office. The firm is one of the inter­na­tio­nal market leaders in advi­sing on complex cross-border tran­sac­tions. World­wide, Shear­man & Ster­ling prima­rily advi­ses inter­na­tio­nal corpo­ra­ti­ons and large natio­nal compa­nies, finan­cial insti­tu­ti­ons, and large mid-sized compa­nies. For more infor­ma­tion, visit www.shearman.com.