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

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.
Amcor PLCAmcor divests ESE World, losing a revenue-generating business unit.
ESE World will operate independently with focus on growth, operational improvement, and add-on acquisitions.
Pacific Avenue completed the acquisition, marking its third European transaction and first out of Fund II, indicating growth.
General Atlantic provided debt financing, but the article does not detail terms or impact on General Atlantic.