Deutsche Beteiligungs’ Acquisition of Majority Stake in Cartonplast Group
Deutsche Beteiligungs AG (DBAG), and DBAG-advised DBAG Fund VII entered into a share purchase agreement on 22 August 2019.
Deutsche Beteiligungs AG (DBAG), a German-based listed private equity company, and DBAG-advised DBAG Fund VII entered into a share purchase agreement on 22 August 2019 for the acquisition of a majority stake in Cartonplast Group, the leading European operator of a pool system for reusable plastic layers used mainly for the transportation of glass containers in the food and beverage industry, from London-based financial investor Stirling Square Capital Partners.
Shearman & Sterling acted as global counsel to Deutsche Beteiligungs AG and DBAG Fund VII on the acquisition, while Paksoy advised on the Turkish aspects with a team led by Stéphanie Beghe Sönmez (Partner) together with Miray Cura (Associate). Latham & Watkins acted as global counsel to Stirling Square Capital, with the Ozbek Attorney Partnership acting as local counsel, as well as, reportedly, J&A Garrigues, Pinheiro Neto Advogados, and Noerr Biedecki