Overview
KKR & Co. has been identified as the preferred bidder in an exclusive negotiation to acquire Logoplaste, a Portuguese packaging manufacturer, according to Bloomberg reporting that cites sources familiar with the matter. The process follows the withdrawal of Apax Partners LLP, which had previously submitted a binding offer alongside KKR.
Logoplaste is currently owned 60% by the Ontario Teachers’ Pension Plan Board, which has been working with advisers to explore a sale of the business. The prospective transaction is reported to be valued at more than €1.7 billion, a figure that would place it among the largest deals in Portugal for the current year.
While the parties are in exclusive talks and a deal could be finalized within the coming weeks, the article notes that there is no certainty the negotiations will culminate in a completed transaction.
Key Points
- KKR is the sole party in exclusive discussions after Apax’s exit.
- Ontario Teachers’ Pension Plan Board retains a 60% stake and is actively seeking a buyer.
- Valuation exceeds €1.7 billion, potentially marking one of Portugal’s biggest deals this year.
- Completion remains uncertain; no definitive timeline beyond “coming weeks” is provided.