December 15, 2014
Industrials and Industrial Technology
Deutsche Beteiligungs AG acquired Huhtamaki Films
GCA Altium acted as exclusive debt adviser to Deutsche Beteiligungs AG (DBAG) on the financing of the management buyout of Huhtamaki Films, a manufacturer and finisher of films.
Huhtamaki Films has so far been a division of Finland-based Huhtamäki Oyj. The Group intends to concentrate on its core business of food packaging and will divest its films business to DBAG-advised DBAG Fund VI and the division’s management.
The financial debt-free purchase price for the company amounts to 141 million euros and will be partially funded by loans from a club of five banks (Commerzbank, DZ Bank, IKB, NIBC and SEB).
GCA Altium provided debt advice to DBAG on all commercial aspects of the financing transaction and secured a competitive financing package in a very timely manner.