Advised MBO team on TransactionIndustrials
Acquired 100% of the Shares from BERRY GLOBAL (NYSE: BERY)
IMAP Czechia advised all 3 transactions with PROMENS ZLIN within the last 24 years, it represents an outstanding timeframe, outstanding result and outstanding relationship.
Deal 1: Twenty four years ago, IMAP Czechia advised Promens a.s., Zlin (PROMENS ZLIN), established in 1991, see: www.promenszlin.cz in the transaction where financial investor entered the company to support its growth. The company, formerly known as RIM-Tech, is a Czech based TIER 1 system and development supplier of large exterior and interior parts for trucks, buses, agri & construction machines produced by reactive injection moulding and vacuum forming technology.
Deal 2: Fifteen years ago, IMAP Czechia advised shareholders of the company again to sell the entire 100% share to the strategic buyer POLIMOON GROUP B.V. From that moment PROMENS ZLIN was a part of consolidation play that has been ended under umbrella of BERRY GLOBAL Group, Inc. - global leader in plastics packaging.
Deal 3: Last year BERRY GLOBAL decided to divest selected non-core activities. IMAP Czechia represented MBO team established by Robert Zatloukal, the former co-owner and a long-term CEO of PROMENS ZLIN, to acquire the company back. During one and half decade under ownership of global corporations the company developed into the position of respected partner in the niche market segment and received numerous awards for its corporate excellence and good manufacturing practice. In the acquisition of entire shareholding of PROMENS ZLIN the MBO team partnered with ARX EQUITY PARTNERS. The transaction has been signed in April 2021.
ARX EQUITY PARTNERS is a private equity firm with a 20-year track record supporting the growth and development of mid-sized companies in Central Europe. With more than EUR 300mn raised in four funds, ARX has become a leading private equity firm in its segment in the Central European region. Headquartered in Prague, the firm’s activities are managed by an experienced and multinational team of investment professionals, combining a wide range of international expertise plus in-depth local knowledge.
Berry Global Group, Inc. (NYSE: BERY) is a Fortune 500 company HQ in the United States having revenues USD 11.7bn (2020). With 295 facilities across the globe and 47 thousand employees belongs to TOP3 global manufacturer and marketer of plastic packaging products. In 2019 BERRY Global acquired RPC Group incl. PROMENS ZLIN as its part.
IMAP advised MBO Team who originated the transaction within entire acquisition process, IMAP managed all three transactions spread into 24-year period. Developed relationship with the client and investor has been translated into smooth transaction where all parties involved appreciated level of professionalism, fairness and trust, that is so critical for MBO type of transaction.