Private investment firm Bain Capital Private Equity has entered into an arrangement with BC Partners for joint ownership of Fedrigoni, a producer of self-adhesive labels and fibre-based packaging products.
Bain Capital acquired Fedrigoni back in 2017 and has more than doubled adjusted sales since. The new partnership will support Fedrigoni’s management team to ‘increase customer intimacy’ and ‘create a more inclusive environment’. It will also support Fedrigoni’s management team as they look to build on its recent success through mergers and acquisitions. BC Partners’ owner-manager mindset has helped its portfolio companies execute over 400 add-on transactions over the last decade, ‘and as such is the natural partner for Fedrigoni and Bain Capital to help drive value-creation opportunities.’
Fedrigoni claims it has also embedded sustainability into its business strategy, including ongoing efforts to support customers in tackling their transition towards ecological practices. Through its sustainability roadmap, Fedrigoni has committed to reduce by 30% its carbon emissions by 2030, and to reach carbon neutrality by 2050.
Ivano Sessa, chairman of Fedrigoni, said, ‘We have partnered with Marco Nespolo and the rest of the management team over the last four years to transform Fedrigoni. In this next phase of the journey, we will work with all our partners and focus on delivering sustainable packaging to an outstanding set of global luxury and consumer brands.’
Stefano Ferraresi, partner at BC Partners, said, ‘We are delighted by this opportunity to invest in Fedrigoni. We have long admired the quality of the management team, and its operations built under Marco Nespolo’s leadership. We are confident that this partnership with Bain Capital will create significant growth opportunities across the business.’
Fedrigoni CEO Marco Nespolo said, ‘The whole Fedrigoni leadership team and I are thrilled to continue our very ambitious growth path in partnership with Bain Capital and BC Partners.’
The transaction is expected to close by the end of 2022, subject to approvals by relevant regulatory authorities.
