Ontario Teachers’ Pension Plan Board (Ontario Teachers) has purchased co-control stake in GPA Global (GPA) from EQT Private Equity (EQT) and other minority shareholders.
GPA, which is dual-headquartered in both Shenzhen of China, and Seattle of US, is a full-service provider of packaging solutions serving diverse end-markets including consumer electronics, beverage, jewellery, healthcare and beauty.
With manufacturing facilities in Asia, North America and Europe, the company provides design, engineering, vendor management, production and distribution of packaging services to brands in North America and Europe.
Following the deal, GPA’s founders, Tom Wang and Adam Melton, will continue to lead the company.
Terms of the transaction have not been disclosed.
Ontario Teachers Asia-Pacific private capital senior managing director Raju Ruparelia said: “We are excited to invest in GPA, our first co-control private equity investment in the region. We believe we are well positioned to support the company’s continued growth by leveraging our global reach and track record of success investing in the packaging and consumer sectors.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
“We believe Tom and Adam have created a unique and differentiated packaging platform and look forward to a long-lasting partnership with them and GPA’s talented management team as the business enters its next stage of growth.”
GPA marks the latest investment by Ontario Teachers in the packaging sector.
In February last year, the company invested in Portugal-based sustainable rigid plastics manufacturer, Logoplaste.