Osborne Clarke advises Growth Capital Partners on Excelsior MBO
28 Jun 2012
Osborne Clarke has advised blended equity and debt provider Growth Capital Partners on the funding of the MBO of Excelsior Technologies (Excelsior), a North Wales based flexible packaging manufacturer from its North American shareholder.
Excelsior designs and manufactures a portfolio of innovative packaging products and supplies to a range of blue chip clients including Birds Eye, Premier Foods and SC Johnson, across the food and medical packaging sectors.
Headquartered in Deeside, North Wales, Excelsior employs over 200 staff and operates from four sites, two in Deeside, one in Lancashire and one in North Carolina, USA.
Alisdair Livingstone, corporate partner, Osborne Clarke, said:
“GCP has a strong track record of working in partnership with management teams to grow companies both organically and through acquisitions. This deal creates an excellent opportunity for all parties.
“This is the second deal we have advised GCP on in recent weeks, following our involvement on the £19 million secondary MBO of Iglu.com.”
The OC team advising GCP was led by Corporate Partner Alisdair Livingstone, assisted by Associate Alison Meaken and Solicitor Simon Jones. Tax partner Michael Bell and banking partner Hugh Jones also advised, along with solicitors Victoria Clarke and Daniel Barnhouse.
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