Corrugated Box

Accolade Wines Australia plans to raise an investment in the first half of 2017 through an initial public offering (IPO).

The wine producer and seller hopes to secure A$1bn ($770.9m) through the IPO.

CHAMP Private Equity, which has an 80% stake in the company, will retain a minority stake in the firm along with its 20% shareholders.

Korea Green Paper MFG Co, a manufacturer and supplier of corrugated cardboard and paper products, will raise KRW1.99bn ($1.82m) through a private placement of shares.

The South Korean packaging company plans to offer 1,392,755 shares for KRW1,436 ($1.30) each.

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"Private equity firm Advent International will acquire a majority stake in Fort Dearborn Company."

Korea Green Paper Mfg Co specialises in food wrapping, sanitary, industrial, cigarette filter, and tobacco packaging papers.

Private equity firm Advent International will acquire a majority stake in Fort Dearborn Company in a transaction that is subject to customary closing conditions, and is expected to be completed by the third quarter of 2016.

Fort Dearborn Company is a supplier of high-impact decorative labels for food, beverages, household products, paint and coatings.

Following the transaction, the company’s management team will continue to lead the business under a minority ownership.


Image: Korea Green Paper MFG manufactures and supplies industrial paper and special paper products including corrugated cardboards.