Ontario Teachers’, Stonebridge Partners acquire Exal Group

The investor group is led by Teachers' Private Capital, the private investment department of Ontario Teachers', and includes Stonebridge Partners, a US-based private equity firm that focuses on the specialty manufacturing sector.
 
Erol Uzumeri, senior vice president of Teachers’ Private Capital, said, “We believe that with Exal's international operations and strong, diverse client base, the company will benefit from our ability to support identified future growth opportunities in both established and emerging markets.”
 
Exal Group was founded in 1993 by president and CEO Delfin Gibert, and has grown to six facilities and 47 manufacturing lines in the US, Europe and Argentina with annual revenues of around $400m. It produces 1.3 billion units a year, primarily for multinational consumer packaging customers in the household products, personal care, and beverage industries.
 
Ontario Teachers’ is worth an estimated CAN$87bn ($87bn), and recently beat out private equity firm CVC Partners to take control of UK National Lottery provider Camelot, for which it paid £389m ($590.4m). The pension fund’s bid is believed to have been financed with £200m ($303.5m) from the Royal Bank of Canada.

Copyright © 2010 AltAssets