Pacific Avenue Affiliate Completes Acquisition of ESE World from Amcor

Pacific Avenue Capital Partners··Read original
2▲0 ▼1Impact / 5
Summary · why it matters

An affiliate of Pacific Avenue Capital Partners has completed the acquisition of ESE World from Amcor. ESE is Europe's leading manufacturer of waste and recycling container systems, generating approximately €300 million in revenues from three manufacturing facilities in Germany and France. The carve-out will allow ESE to operate independently with a focus on growth through operational improvement, geographic expansion, and add-on acquisitions. This marks Pacific Avenue's third European transaction and the first out of Fund II and its dedicated European sidecar, with financing provided by equity from Fund II and its European sidecar and debt from General Atlantic.

Impact on assets 1

Materials▼ · 1 stocks
Amcor PLC
AMCR
▼ NegativeCapitalrelevance

Amcor divests ESE World, losing a revenue-generating business unit.

Off-coverage companies 3

ESE WorldPrivate▲ Positive
Capitalrelevance

ESE World will operate independently with focus on growth, operational improvement, and add-on acquisitions.

Pacific Avenue Capital PartnersPrivate▲ Positive
Capitalrelevance

Pacific Avenue completed the acquisition, marking its third European transaction and first out of Fund II, indicating growth.

General AtlanticPrivate± Mixed
Capitalrelevance

General Atlantic provided debt financing, but the article does not detail terms or impact on General Atlantic.