Transaction: Acquisitions
Date: March 2014
Deal value: Not disclosed
Process: Private auction
Industry: Manufacturing

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FIH Partners advised EQT, one of the leading private equity groups in Northern Europe, on the acquisition of Faerch Plast, one of Europe’s leading producers of packaging for ready meals, fresh meat and cold foods & snacks, from the Faerch family.

Faerch Plast was founded in 1969, and has since grown into a market leader within rigid plastic packaging for ready meals and protein food trays in the UK, Scandinavia and Benelux. The company has invested significantly in production automation, product innovation and footprint providing a strong platform for further growth. With EQT VI as the new owner, growth will be pursued through additional market penetration and via acquisitions using Faerch Plast as the platform.

In 2013, Færch Plast expects revenues of approximately DKK 1.1 billion and an EBITDA of DKK 236 million. The company has approximately 500 employees primarily based in Denmark, the UK and the Czech Republic.

FIH Partners acted as exclusive financial advisor to EQT on the acquisition.