Deals this week: Accolade Wines Australia, Korea Green Paper MFG Co, Advent International

18 August 2016 (Last Updated August 18th, 2016 18:30)

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

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.

"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.