A&M CAPITAL PARTNERS | 04.23.25

A&M Capital Strategic Investments Makes Minority Investment in GSTV Alongside MidOcean Partners

April 23, 2025 – A&M Capital Strategic Investments (“AMCSI”) is pleased to announce a minority investment in GSTV (the “Company”), a national on-the-go video network available at fuel and convenience retailers nationwide, alongside majority investor MidOcean Partners (“MidOcean”), a New York-based alternative asset manager. The transaction also includes continued participation from prior owner Rockbridge Growth Equity (“Rockbridge”).

Founded in 2005, GSTV reaches over 115 million monthly viewers with full-sound, contextually relevant video advertising at more than 29,000 fuel and convenience retail sites nationwide. Positioned at the convergence of digital video, digital out-of-home, and retail media, GSTV delivers performance-driven advertising to high-intent consumers at a critical point on the path to purchase. With proprietary data and analytics capabilities, GSTV enables national brands to drive measurable, immediate consumer action and build long-term brand equity.

AMCSI is leveraging strategic media capabilities within A&M Consulting which were critically important to the due diligence of the business and market and will be an influential resource as the Company invests behind programmatic and data-driven capabilities to improve the value proposition for GSTV’s customers. AMCSI’s strategic link to A&M Consulting adds meaningfully to the investor group led by MidOcean and also comprising GSTV’s management team, and Rockbridge.

About AMCSI

AMCSI, with total commitments under management of ~$835 million, is A&M Capital’s dedicated active minority investment strategy focused on partnering with middle market private equity firms in their core areas of expertise. AMCSI leverages the experience of its dealmaking professionals and its strategic association with A&M Consulting’s market-leading private equity services business to facilitate value-added partnership. AMCSI’s investments span a variety of industries, supporting companies with sustainable growth and value creation objectives.

About A&M Capital

A&M Capital is a multi-strategy private equity investment firm with over $6 billion in commitments under management across its funds, vehicles and accounts. The firm is led by a highly experienced investment team, which is augmented by a strategic association with A&M Consulting, a leading global operationally focused advisory firm. A&M Capital combines a focus on middle-market private equity investing with deep operational expertise, industry knowledge, and global corporate relationships, making A&M Capital an attractive partner to management teams and business owners. A&M Capital is headquartered in Greenwich, CT, with offices in Los Angeles, CA, West Palm Beach, FL, London, UK, and Milan, IT. For more information, visit www.a-mcapital.com.

About GSTV

GSTV is America’s engaging, on-the-go video network. GSTV is a data-driven, national video platform entertaining targeted audiences at scale across tens of thousands of fuel retailers. GSTV engages viewers at an essential waypoint of their consumer journey and is the only consolidated and scaled digital media platform in the convenience and fuel channel. GSTV drives immediate action and creates lasting brand impressions, delivering measurable results, in-store conversions, and incremental sales for retailers and advertisers. For more information, visit www.gstv.com.

About MidOcean

MidOcean is a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit investments, and structured equity. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts. For more information, visit www.midoceanpartners.com.

About Rockbridge Growth Equity

Founded in 2007, Rockbridge Growth Equity is a Detroit-based middle market private equity firm committed to helping both founder-operated and established companies accelerate growth and build long-term, sustainable value. Rockbridge combines the flexibility of a financial sponsor with the benefits of a strategic partnership by leveraging the firm’s relationship with the Rock Family of Companies, which provides access to industry and functional expertise. As of year-end 2024, Rockbridge has regulatory assets under management of over $1.7 billion across its target sectors: e-Commerce and Marketing Services, Financial Services and Fintech, Tech-Enabled Products and Services, and Digital Media. For more information, visit www.rbequity.com.

A&M CAPITAL PARTNERS | 03.06.25

GS Foods Group Acquires The Danielsen Company

March 6, 2025 – GS Foods Group, Inc. (“GS Foods”), a leading specialized food distributor owned by affiliates of Highview Capital, LLC (“Highview”) and A&M Capital Partners (“AMCP”), today announced the acquisition of The Danielsen Company, a trusted foodservice provider based in Chico, California. The acquisition combines GS Foods’ national expertise with The Danielsen Company’s long-standing commitment to customer satisfaction to deliver even more value to School Nutrition and foodservice partners in the Northern California region.

With nearly 50 years of experience, GS Foods is a leading premium food distribution and product solutions provider with a large school nutrition network serving more than 5,100 K-12 schools across the United States. Integrating The Danielsen Company will enhance GS Foods’ presence in Northern California and extend its sophisticated network of facilities to provide trusted food distribution and product solutions to specialized foodservice segments, including education, non-profit, business and industry, and healthcare. GS Foods is excited to add The Danielsen Company to its family of specialized distribution companies.

“Welcoming The Danielsen Company into the GS Foods family represents an exciting new chapter as we extend our reach in Northern California,” said Sean Leer, CEO of GS Foods. “With a shared commitment to customer satisfaction and sustainable growth, this partnership allows us to enhance operations, meet evolving needs and strengthen supply chain efficiency – all while providing continuity to customers.”

Founded in 1964 by Jim Danielsen (“Big Jim”) and his wife Janice, The Danielsen Company has been an integral part of the Northern California foodservice industry for more than 60 years. The company, which serves a wide array of customers including K-12 schools, has built its reputation on the principles of honesty, integrity and customer service.

“We were looking for longevity in a partner dedicated to school nutrition and are thrilled to join forces with a company like GS Foods,” said Terri Danielsen, CEO of The Danielsen Company. “By combining our long-term relationships with GS Foods’ unparalleled capabilities, this partnership will ensure that our legacy of outstanding service and commitment to the community lives on.”

As part of the integration, Danielsen’s leadership and staff will continue to work closely with GS Foods to ensure a smooth transition and to maintain the company’s strong relationships with customers across Northern California.

“GS Foods continues to strengthen its food distribution network, always prioritizing customer service and product excellence,” said Steve Russell, Managing Director and Sr. Portfolio Manager of Highview. “This partnership between The Danielsen Company and GS Foods will enable us to continue providing dedicated support to school districts in Northern California, all while fostering a crucial national nutrition supply network.”

“The acquisition of The Danielsen Company allows GS Foods to continue expanding its geographic presence as a leading food distributor for K-12,” said Jack McCarthy, Managing Partner and Co-Founder of A&M Capital. “When partnering with other companies, it’s imperative that we’re aligned on core values and the commitment to top-tier service. We believe The Danielsen Company aligns well on all fronts with its focus on integrity and serving its communities in Northern California.”

For more information about GS Foods Group, please visit GSFoodsGroup.com. To learn more about The Danielsen Company, visit DancoFoods.net.

About GS Foods

GS Foods Group, Inc. (“GS Foods”) is a family of specialized foodservice distribution companies. GS Foods uses its sophisticated network of facilities to provide trusted food distribution and product solutions to specialized foodservice segments, including education, non-profit, business and industry, and healthcare. GS Foods’ independent subsidiaries, Good Source Solutions, Inc. and Gold Star Foods, Inc., collectively serve over 8,500 customers nationwide. GS Foods is owned by affiliates of Highview Capital, LLC and A&M Capital Partners.

A&M CAPITAL PARTNERS | 02.27.25

Ayesa Engineering Acquires ADP Consulting

27 February 2025 – The Engineering division of Ayesa, a portfolio company of A&M Capital Europe (“AMCE”), a London-based private equity firm with €650 million of commitments, has acquired ADP Consulting, a leading Australian engineering consultancy headquartered in Melbourne.

Founded in 2011, ADP Consulting provides mechanical and electrical engineering consulting services and specialist engineering services such as acoustics, audiovisual, and fire engineering for buildings. The company’s key subsectors include commercial, workplace, education, aviation, and healthcare. ADP Consulting has also expanded into civil and structural engineering.

The acquisition of ADP Consulting marks Ayesa Engineering’s entry into the Australian market, a key milestone in its strategy to expand into English-speaking markets. This acquisition follows Ayesa Engineering’s prior acquisitions of ByrneLooby in 2022 and CORE in 2025.

ADP Consulting represents Ayesa’s eleventh corporate transaction since AMCE’s investment in January 2022.

AMCE and Ayesa were advised by EY as financial advisers, Ashurst as legal advisers, L.E.K. Consulting as commercial advisers, Alvarez & Marsal as operational advisers and BDO as accounting and tax advisers.

About Ayesa

Headquartered in Spain, Ayesa is a leading international provider of digital and engineering services with almost €800m in revenues and a presence in 24 countries across Europe, Latin America, Asia and Oceania. It operates two separate divisions. Ayesa’s Engineering Services division provides infrastructure design and project management consulting services in the civil and industrial engineering markets. Ayesa’s Digital Services division offers a wide-ranging portfolio of consulting solutions spanning software implementation and maintenance services, digital transformation, cybersecurity, cloud computing, data, and AI.

About A&M Capital Europe

AMCE is a London-headquartered private equity investment firm specialising in building pan-European platform companies through buy-and-build and organic growth initiatives. AMCE Fund I currently has €650 million of commitments, and ADP Consulting represents AMCE’s twenty-ninth transaction across its eight portfolio companies. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm that manages commitments totalling ~€6 billion across all its investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world’s largest growth and operationally focused advisory firms. For additional information, please visit A&M Capital Europe’s website at www.a-mcapital.com.

A&M CAPITAL PARTNERS | 01.28.25

Ayesa Engineering Acquires CORE

28 January 2025 – The Engineering division of Ayesa, a portfolio company of A&M Capital Europe (“AMCE”), a London-based private equity firm with €650 million of commitments under management, has acquired CORE, a project management firm specialising in large-scale data centres and real estate developments.

Founded in 2014, CORE provides project management services across various sectors, including data centres, residential, hotels, and hospitals, focussing on major iconic projects. We believe CORE’s competitive advantage lies in the implementation of Lean Construction methodologies, which significantly reduce costs and optimise execution times.

We believe this acquisition represents a further milestone in Ayesa Engineering’s strategy to grow in high-value segments and enhance its service and end-market diversification.

CORE represents Ayesa’s tenth transaction since AMCE’s investment in January 2022.

About Ayesa

Headquartered in Spain, Ayesa is a leading international provider of digital and engineering services with almost €800m in revenues and presence in twenty countries across Europe, Latin America and Asia. It operates two separate divisions. Ayesa’s Digital Services division provides a wide-ranging portfolio of solutions spanning software implementation and maintenance services, digital transformation, cybersecurity, cloud computing, data and AI. Ayesa’s Engineering Services division provides infrastructure design and project management services in the civil and industrial engineering markets.

About A&M Capital Europe

AMCE is a London-headquartered private equity investment firm specialising in building pan-European platform companies through buy-and-build and organic growth initiatives. AMCE Fund I currently has €650 million of commitments under management, and CORE represents AMCE’s twenty-eighth transaction across its eight portfolio companies. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm that manages commitments totalling ~€5.5 billion across all its investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world’s largest growth and operationally focused advisory firms. For additional information, please visit A&M Capital Europe’s website at    www.a-mcapital.com.

A&M CAPITAL PARTNERS | 01.25.25

A&M Capital Partners Enters into Strategic Partnership with East Coast Power to Build Leading National Electric Utility Services Provider

East Coast Power to receive investment from A&M Capital Partners to accelerate growth

East Coast Power founder Darren Donohue will use investment from A&M Capital to expand its platform nationally through both organic growth initiatives and strategic M&A

Greenwich, CT and Albany, NY – January 23, 2025 – Alvarez & Marsal Capital Partners Fund III (“AMCP III”), a North American-focused middle-market private equity fund and flagship investment strategy of the Alvarez & Marsal Capital (“A&M Capital”) platform, today announced, through a newly formed affiliate, that it has signed a definitive agreement to enter into a strategic partnership with East Coast Power (“ECP” or the “Company”), a fast-growing electric utility services provider with operations throughout the northeast region of the United States. Through this strategic partnership, AMCP III will be acquiring a majority stake in ECP and is expected to work closely with the Company’s founder, Darren Donohue, to grow the business, diversify its service platform, and expand its service territories across the country. The deal is expected to close in the next 30 days, subject to certain approvals.

Headquartered in Albany, NY, ECP provides safe and reliable repair and maintenance services to electrical utility customers supporting transmission and distribution power line infrastructure throughout the East Coast. The Company’s comprehensive service platform includes maintenance, repair, upgrade, restoration, and emergency response solutions for electric power distribution, transmission, and substation systems. ECP was founded by Mr. Donohue, a senior executive who has nearly 35 years of sector experience. Mr. Donohue is an active member of, and maintains strong relations with, the International Brotherhood of Electrical Workers (“IBEW”) and the National Electrical Contractors Association (“NECA”).

“It is an honor to partner with AMCP III on this exciting next chapter at ECP,” said Mr. Donohue. “Between the ever-growing demands on our power grids, aging infrastructure throughout most of the country, and increasing storms and extreme weather events, the need for safe, effective, at-the-ready electric utility services has never been greater. I founded ECP to address mission critical needs of the power grid, and I believe we have built a stellar reputation as a go-to provider to the major utilities on the East Coast, trusted for our relentless commitment to safety, quality, and operational excellence. Now, as we invite AMCP III in as our partners, we believe we have powerful access to capital and other key resources to build on this success and support our expansion nationally.”

ECP’s expansion plans are focused on select markets throughout the United States and Canada. The Company, whose leadership team has a strong track record of successful acquisitions and integrations, will collaborate with AMCP III to leverage both organic growth initiatives and strategic M&A to execute this expansion.

“On behalf of AMCP III, we are excited to take this next step in bringing Darren and his team into our portfolio,” said Ryan McCarthy, a Partner with AMCP. “ECP is a founder-led platform that has a strong infrastructure, strong culture, and a clear direction forward, and Darren, who will remain a large shareholder and operating executive, is a true industry expert and proven operator who understands the evolving priorities of the sector’s customers and stakeholders. Moreover, the Company is addressing the mission critical issue of North America’s power grids, which require significant infrastructure investments and reliable services from companies like ECP to effectively address ever increasing power demands.”

“We believe ECP is well-positioned to be an acquisition platform in a fast-growing and highly fragmented industry,” added Jack McCarthy, Managing Partner and Co-Founder of A&M Capital. “We are very much aligned with ECP’s growth strategy and share Darren’s vision for the future, which includes identifying complementary acquisition targets that fit with ECP’s safety and reliability-driven culture, expanding the Company’s geographic footprint, and diversifying its customer base.”

For more information about ECP, including employment opportunities or inquiries regarding selling an electric utility services business to the Company, please visit www.eastcoastpowerllc.com.

For more information about A&M Capital and AMCP, please visit www.a-mcapital.com.

Harris Williams served as exclusive financial advisor to A&M Capital Partners.

About East Coast Power

Founded in 2023, East Coast Power is a leading provider of safe and reliable electric utility services. The company provides maintenance, repair, upgrade, restoration, and emergency response solutions for electrical utility customers supporting distribution and transmission power line infrastructure throughout the northeast United States. Headquartered in the Capital Region of New York, East Coast Power is a portfolio company of A&M Capital Partners. For more information, please visit www.eastcoastpowerllc.com.

About A&M Capital

A&M Capital is a multi-strategy private equity investment firm with $6 billion in total commitments across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world. A&M Capital Partners (“AMCP”) is A&M Capital’s flagship investment strategy focused on middle-market control transactions in North America with total commitments of over $4.0 billion. AMCP partners with founders, families, corporates and management teams, providing the capital and strategic and operational assistance that we believe is required to take businesses to the next level of success. More information is available at www.a-mcapital.com.

Contact

Gaffney Bennett PR
ECP@gbpr.com

A&M CAPITAL PARTNERS | 12.17.24

Carton Pack Acquires Fimat

17 December 2024 – Carton Pack, a portfolio company of A&M Capital Europe (“AMCE”), a London-based private equity firm with €650 million of commitments under management, has acquired Italy-headquartered Fimat S.p.A. (“Fimat” or the “Company”), a leading provider of paper & carton food packaging solutions.

Founded in 1933 and headquartered in the province of Milan, Northern Italy, Fimat is a renowned player in the folding carton industry, with a particular expertise in the fruit & vegetable (“F&V”) and other food end-markets, including bakery and snacks. The Company maintains a robust presence in the F&V end-markets across Northern Italy, France and Germany. The founding Fornaroli family will retain a minority stake in the Company, ensuring continuity.

We believe this acquisition represents a further positive milestone in Carton Pack’s strategy to become a leading European food packaging specialist. It strengthens its footprint in paper & carton packaging, reinforces its F&V end-market focus and expands Carton Pack into the attractive Northern Italian market, as well as France and Germany. The transaction is Carton Pack’s fourth add-on acquisition since AMCE acquired a majority stake in April 2022 and AMCE’s 26^th Fund I transaction.

Alpeggiani Avvocati Associati advised Carton Pack as legal counsel for M&A and corporate matters, Spada Partners as accounting and tax advisers and Ramboll as environmental adviser.

About Carton Pack

Founded in 1970 and headquartered in Puglia, Italy, Carton Pack provides specialist, multi-material, recyclable packaging solutions to Europe’s food markets, with a strong presence in the fruit and vegetable sector. The company’s diversified portfolio includes flexible and rigid plastics, corrugated and solid carton products, and moulded pulp. Carton Pack operates from 8 production facilities and 20 warehouses in Italy, Spain and the UK, employing ~700 people. Under AMCE ownership, the company has been executing a buy-and-build strategy in the European food packaging industry.

About A&M Capital Europe

AMCE is a London-headquartered private equity investment firm specialising in building pan-European platform companies through buy-and-build and organic growth initiatives. AMCE Fund I currently has €650 million of commitments under management, and Fimat represents AMCE’s twenty-sixth transaction across its eight portfolio companies. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm that manages commitments totalling ~€5.5 billion across all its investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world’s largest growth and operationally focused advisory firms. For additional information, please visit A&M Capital Europe’s website at www.a-mcapital.com.

A&M CAPITAL PARTNERS | 12.12.24

A&M Capital Strategic Investments Makes Minority Investment in Groupe SPHERE Alongside Hivest Capital Partners

December 10, 2024 – A&M Capital Strategic Investments (“AMCSI”) is pleased to announce a minority investment in Groupe SPHERE (“SPHERE” or the “Company”), the European leader in sustainable household packaging, alongside majority investor Hivest Capital Partners S.A.S. (“Hivest Capital”), an independent European private equity firm. AMCSI and Hivest are making the investment in partnership with the Persenda family, SPHERE’s executives, and employee shareholders. AMCSI’s partnership in SPHERE follows other investments made by A&M Capital funds in the packaging industry, including Carton Pack, ProAmpac, and STOK.

Founded in 1976, SPHERE is a French family-owned group known for its commitment to sustainable packaging, with approximately 70% of its sales derived from recycled or compostable bio-based materials. As a leading European provider of household packaging, SPHERE manufactures and distributes a broad range of products for consumer, professional, and public sector markets. Its offerings include waste bags, collection bags, fruit and vegetable bags, freezer bags, cooking bags, reusable shopping bags, films and papers for food and non-food contact, aluminum trays and rolls, disposable tableware, and containers for take-away food, among others.

SPHERE’s development strategy focuses on creating packaging solutions for future generations, with key objectives to:

• Use appropriate materials based on product end-of-life;
• Increase the use of recycled, bio-based, and compostable materials;
• Expand production of compostable bio-based raw materials; and
• Design low-environmental-impact materials.

With 15 production sites across Europe, including seven in France, and an annual production capacity of 235,000 tons of films and bags, SPHERE generated sales close to €800 million in 2023 and employs over 1,600 people. This capital reconfiguration enables SPHERE to accelerate its ambitious development plan, strengthening its position as a leader in its European markets and facilitating potential external growth opportunities.

About AMCSI

AMCSI, with total commitments under management of ~$635 million, is A&M Capital’s dedicated active minority investment strategy focused on partnering with middle market private equity firms in their core areas of expertise. AMCSI leverages the experience of its dealmaking professionals and its exclusive and strategic association with A&M Consulting’s market-leading private equity services business to generate  deal flow from multiple proprietary origination channels and to facilitate value-added partnership. AMCSI’s investments span a variety of industries, supporting companies with sustainable growth and value creation objectives.

About Alvarez & Marsal Capital 

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with approximately $5.9 billion in commitments under management across its funds and accounts. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners. Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit www.a-mcapital.com.

About SPHERE

Founded in 1976, SPHERE is a French family-owned group and the European leader in household packaging, as well as one of the world’s top producers of bio-based compostable materials for films and bags.

For more information: https://www.sphere.eu

About Hivest Capital Partners

Hivest Capital Partners is an independent European private equity firm authorized by the Financial Markets Authority. Specializing in buyout and expansion projects, Hivest Capital invests in mid-sized businesses with revenues between €100 million and €1 billion, aiming to help them reach their full potential through operational improvements and ambitious growth strategies.

For more information: https://hivestcapital.com

A&M CAPITAL PARTNERS | 11.13.24

STOK Acquires BEWI’s packaging trading business

30 October 2024 – STOK, a portfolio company of A&M Capital Europe (“AMCE”), a London-based private equity firm with €650 million of commitments under management, has entered into a binding agreement to carveout BEWI’s trading business (“BEWI Food”), a leading distributor of food packaging in Norway and Iceland. BEWI will reinvest a proportion of its proceeds in the combined company. The acquisition of BEWI Food represents STOK’s first add-on since AMCE’s investment, less than six months after closing in April 2024.

We believe BEWI Food is a highly regarded and trusted supplier of food packaging in Norway and Iceland, with a particularly solid position in the fish and seafood market. The company expects to generate sales of more than €70m in 2024. We believe BEWI Food is a complementary combination with STOK, which together creates a leading packaging distributor in Denmark, Norway, Iceland, and Greenland and allows both STOK and BEWI to improve their customer offering by broadening their product range and providing more comprehensive solutions to customers’ packaging needs. The combined group is expected to have annual sales of approximately €190 million for 2024 and a clear strategy for further growth, both organically and through acquisitions.

STOK and AMCE were advised by Schjødt as legal adviser, EY as tax adviser, PwC as accounting adviser, West Monroe as IT adviser, ERM as environmental advisor and Alvarez & Marsal as operational adviser.

About STOK

Founded in 1978 and headquartered in Langeskov, Denmark, STOK Emballage is a leading one-stop-shop distributor of protective packaging, offering a comprehensive range of customisable and standard packaging materials, on-site machinery services, warehousing solutions and advisory services. With a leading position in Denmark and a rapidly expanding international presence, STOK caters to a diverse customer base across the food & beverage, consumer lifestyle, industrial, and healthcare sectors. The company has historically experienced strong organic and acquisitive growth, completing 13 acquisitions over the last 26 years, five of which were in the previous three years.

About A&M Capital Europe

AMCE is a London-headquartered private equity investment firm specialising in building pan-European platform companies through buy-and-build and organic growth initiatives. AMCE Fund I currently has €650 million of commitments under management, and BEWI Food represents AMCE’s twenty-fourth transaction across its eight portfolio companies. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm that manages commitments totalling ~€5.5 billion across all its investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world’s largest growth and operationally focused advisory firms. For additional information, please visit A&M Capital Europe’s website at www.a-mcapital.com.

A&M CAPITAL PARTNERS | 11.07.24

Carton Pack Acquires Clifton Packaging Group

November 2024 – Carton Pack, a portfolio company of A&M Capital Europe (“AMCE”), a London-based private equity firm with €650 million of commitments under management, has acquired UK-based Clifton Packaging Group Limited (“Clifton” or the “Company”), a leading provider of innovative primary flexible food packaging solutions.

Founded in 1981 and headquartered in Leicester, UK, Clifton serves a broad range of blue-chip clients, with a particular focus on the protein and snacks markets. We believe Clifton’s speciality in recyclable films with anti-fog and anti-bacterial properties and its expertise in resealable pouches positions it as a critical player in wet protein packaging. Clifton will continue to operate under the leadership of its management team, led by CEO Shane D’Souza.

We believe this acquisition represents a significant milestone in Carton Pack’s strategy to become a leading European food packaging specialist, strengthening its footprint in flexible packaging, expanding into the attractive snacks and protein end-markets and establishing a robust presence in the UK market. The transaction is Carton Pack’s third add-on acquisition since AMCE acquired a majority stake in April 2022.

Carton Pack was advised by Chiomenti, Weil Gotshal & Manges and Charles Russell Speechlys as legal counsels for M&A and corporate matters, Weil Gotshal & Manges and Pedersoli Gattai for financing matters, PWC and EY as accounting and tax advisers, Food Strategy Associates as commercial adviser, Howden as insurance adviser and Ramboll as environmental adviser.

About Carton Pack

Founded in 1970 and headquartered in Puglia, Italy, Carton Pack provides specialist, multi-material, recyclable packaging solutions to Europe’s food markets, with a strong presence in the fruit and vegetable sector. The company’s diversified portfolio includes rigid and flexible plastics, corrugated and solid carton products, and moulded pulp. Carton Pack operates from 6 production facilities and 19 warehouses in Italy, Spain and the UK, employing ~630 people. Under AMCE ownership, the company has been executing a buy-and-build strategy in the European food packaging industry.

About A&M Capital Europe

AMCE is a London-headquartered private equity investment firm specialising in building pan-European platform companies through buy-and-build and organic growth initiatives. AMCE Fund I currently has €650 million of commitments under management, and Clifton represents AMCE’s twenty-fifth transaction across its eight portfolio companies. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm that manages commitments totalling ~€5.5 billion across all its investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world’s largest growth and operationally focused advisory firms. For additional information, please visit A&M Capital Europe’s website at www.a-mcapital.com.

A&M CAPITAL PARTNERS | 09.10.24

GBUK Acquires Severn Healthcare

4 September 2024 – GBUK, a portfolio company of A&M Capital Europe (“AMCE”), a London-based private equity firm with €650 million of commitments under management, has acquired UK-based Severn Healthcare Technologies (“Severn”), a value-added and fast-growing distributor of single-use medical devices.

Founded in 2014, Severn specialises in providing next-generation single-use medical devices across the Ear, Nose, and Throat (“ENT”) and Neuro-Otology clinical specialisms. Supporting the adoption of clinical innovation in operating theatres across the National Health Service (“NHS”) and the UK Private market, we believe Severn has built a reputation as a trusted partner to surgical clinicians on the foundations of deep technical expertise and exceeding customer service. 

The acquisition of Severn represents GBUK’s second acquisition since AMCE’s investment in December 2023. The acquisition is expected to strengthen GBUK’s clinical specialist positioning further while expanding its product presence in two new and innovative therapeutic areas.

GBUK were advised by Rothschild & Co as financial adviser, Burness Paull as legal adviser, Accuracy as accounting adviser, and PMSI as commercial adviser.

About GBUK

Headquartered in the United Kingdom, GBUK designs develops and distributes a comprehensive portfolio of own and third-party branded acute-setting medical devices across enteral feeding, vascular access, patient handling and the broader critical care environment. The Company is a top 20 supplier to the UK NHS and supports healthcare professionals and patients in over 45 countries with more than 600,000 medical devices daily. GBUK has demonstrated a track record of penetrating new care areas by leveraging its R&D capabilities and a high-touch sales model hinged on wrap-around services.

About A&M Capital Europe

AMCE is a London-headquartered private equity investment firm specialising in building pan-European platform companies through buy-and-build and organic growth initiatives. AMCE Fund I currently has €650 million of commitments under management, and Severn represents AMCE’s twenty-third transaction across its eight portfolio companies. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm that manages commitments totalling ~€5.5 billion across all its investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world’s largest growth and operationally focused advisory firms. For additional information, please visit A&M Capital Europe’s website at www.a-mcapital.com.