PLMJ and Linklaters instructed on Carlyle Group-Logoplaste partnership agreement

PLMJ and Linklaters advised on a partnership agreement announced by The Carlyle Group and plastic packaging producer Logoplaste.

A statement by The Carlyle Group said the agreement would “support the continued growth” of Logoplaste. It added that the agreement would “reinforce the financial strength of Logoplaste and increase its investment capacity”.

Capital for the investment will come from Carlyle Europe Partners IV (CEP IV), a European upper-mid-market buyout fund. The transaction is expected to close in the third quarter of 2016, subject to “customary closing requirements” and regulatory approvals.

Logoplaste, which originated in Portugal, is a designer and manufacturer of rigid plastic packaging.

The company reported sales of €468 million in 2015 and employs 2,000 people in 16 countries. 

PLMJ advised Logoplaste and its shareholders, while Linklaters advised The Carlyle Group.