Baar-Zug, Switzerland, 9 July 2015
Partners Group, the global private markets investment manager, has provided EUR 74 million in unitranche financing to aluminium tube manufacturer Alltub on behalf of its clients. The investment supports a broader refinancing of the company's capital structure and provides acquisition financing to support its expansion plans.
Founded in 1950 and headquartered in Boulogne, France, Alltub is the global leader in the production of collapsible aluminium tubes, typically used to produce "squeezable" packaging for semi-liquid products. Alltub currently manufactures around 1.4 billion aluminium tubes annually, as well as cartridges and aerosol cans, for a blue chip customer base in the cosmetics, pharmaceuticals, industrial and food sectors. Alltub has around 1'200 employees and four manufacturing plants in Europe and Latin America. The firm is considering further expansion into its current markets as well as into new territories such as Asia or South America. This growth would match existing key account customer footprints and allow Alltub to bring its packaging expertise to new customers and markets across the globe. Alltub is majority owned by Aurora Resurgence.
Juri Jenkner, Partner and Co-Head Private Debt, says: "Partners Group specialises in providing flexible financing solutions to mid-market industry leaders with a global presence and diversified business models. Alltub is a great example of this strategy in practice. The stability of its end markets and the long-term relationships it has built with its clients, many of whom are household names, are key factors which will continue to contribute to Alltub's market-leading position."