On 25 Juli 2016 the private equity fund Lindsay Goldberg published its purchase of Schur Flexibles Group.

Schur Flexibles Group is a leading manufacturer of flexible packaging products in Europe across a range of end markets including meat & cheese, confectionary, pharmaceutical specialties and tobacco.

Schur Flexibles Group operates 11 production plants across Germany, Finland, Denmark, the Netherlands, Poland, Slovakia and Greece including the two Danish companies Schur Flexibles Denmark A/S and Danapak Flexibles A/S. Danapak Flexibles A/S was purchased from Arla in 2014. Schur Flexibles Group employs approximately 1,100 employees and generated sales of approximately EUR 370 million in 2015, half of which were generated from packaging products to the food industry.

The transaction is subject to clearance from the respective merger control authorities and is expected to close in the third quarter of 2016.

Dr. Thomas Ludwig, managing partner from Lindsay Goldberg’s German affiliate, said:

- We aim to drive organic growth and make accretive acquisitions. We have already identified a number of target companies that could create value for the portfolio.

Lindsay Goldberg is a private investment firm with approximately USD 13 billion of equity capital that focuses on partnering with family-owned and entrepreneur-led businesses seeking a partner to help actively build their businesses.

LETT has advised Lindsay Goldberg about Danish matters in the transaction and Jens Krogh Petersen, Joachim Kundert Jensen, Jacob Sørensen and Ditte Lundberg have provided assistance.