Stirling Square Capital Partners sells Schoeller Arca Systems for €428m

The European buyout firm is exiting its Dutch packaging business in a secondary sale to One Equity Partners.

Stirling Square Capital Partners, a European private equity firm, is selling its controlling stake in Schoeller Arca Systems to One Equity Partners for an enterprise value of €428 million.

The founding family Schoeller and management will keep their respective stakes.  The deal is the second exit for Stirling Square in the last two months following the $343m sale of Global Design Technologies in May.

Schoeller Arca Systems, a rigid plastic packaging manufacturer, is based in the Netherlands.

In August 2003 Stirling Square acquired a controlling stake in Schoeller Wavin Systems for €143m from the Schoeller family, who had founded the original business. Schoeller Arca Systems was then created through the acquisition of Swedish company Arca Systems in February 2005. 

Revenues have increased from €165m in 2002 to €465m during the last twelve months ending May 2007 and the number of employees from 763 at the end of 2002 to 1,416 today.

Stefano Bonfiglio, who led the investment and exit, said:  “This is Stirling Square’s second exit in as many months and again showcases the type of deals for which we are building a reputation – a complex, cross border transaction, successfully integrating businesses to create an industry leader.