Asset manager The Carlyle Group has acquired Chesapeake, one of the largest global suppliers of value-added paper-based packaging products and services from Irving Place Capital.
Asset manager The Carlyle Group has acquired Chesapeake, one of the largest global suppliers of value-added paper-based packaging products and services from Irving Place Capital.
Capital for this investment will come from Carlyle Europe Partners III, a £5.3bn fund that makes mid- and large-cap investments. Further terms of the investment were not disclosed.
Headquartered in Nottingham, UK, and with nearly 5,000 employees across 38 sites in nine countries, Chesapeake is a high quality and premium producer of paper-based leaflets, labels and cartons, primarily for the pharmaceutical, confectionery and premium drinks markets for a blue-chip client base.
Source: The Carlyle Group