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.

A&M CAPITAL PARTNERS | 07.02.24

GBUK Acquires Care & Independence

1 July 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 Care & Independence (“C&I”), a fast-growing UK provider of patient handling and moving devices.

Founded in 1985, C&I specialises in providing medical slings, bathing equipment and broader postural support devices. Within its core UK market, C&I is a preferred supplier to the National Health Service (“NHS”) and primarily serves the needs of patients within the community setting via loan store operators, independent local authorities, and NHS Trusts. Like GBUK, C&I operates a clinician-orientated high-touch sales model that supports Occupational Therapists with clinical product training and patient requirement assessments.

The acquisition of C&I represents GBUK’s first acquisition since AMCE’s investment in December 2023. The acquisition is expected to strengthen GBUK’s positioning within the UK patient handling market, providing further breadth to GBUK’s product offering and an established platform for growth within the community setting.

GBUK were advised by Burness Paull as legal adviser, Accuracy as accounting adviser, and EY as tax 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 hinging 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 C&I represents AMCE’s twenty-second transaction. 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 | 06.10.24

Med-Metrix Announces the Acquisition of HBCS, Further Strengthening the Company’s End-to-End RCM Capabilities

PARSIPPANY, N.J., June 10, 2024 /PRNewswire/ — Med-Metrix, LLC (“Med-Metrix”, or the “Company”), a leading provider of technology-enabled, Revenue Cycle Management (“RCM”) solutions that is backed by A&M Capital Partners (“AMCP”), announced it has acquired Hospital Billing & Collection Service, Ltd (“HBCS”). HBCS is a premier, tech-enabled RCM company that offers a comprehensive suite of RCM solutions. This acquisition significantly bolsters Med-Metrix’s end-to-end RCM offerings with HBCS’ best-in-class patient financial engagement solutions coupled with its insurance reimbursement capabilities. Financial terms of the transaction were not disclosed.

Since 1985, HBCS has served health systems across the U.S. and currently works with more than 75 hospital and physician groups. Dedicated to creating sustainable revenue cycle improvements, HBCS streamlines technology-enabled processes through superior billing and follow-up tools. HBCS will continue to serve its customers across a diversified mix of healthcare providers, maintaining its reputation as a mission-critical partner with an average client tenure of 10 years, and more than 25-year relationships with its largest clients. HBCS is based in New Castle, DE, with a regional office in Wakefield, MA.

The acquisition of HBCS further enhances Med-Metrix’s value proposition as a trusted partner to healthcare providers for end-to-end revenue cycle management needs. HBCS’ proprietary technology driven workflows and best-in-class self-pay capabilities have helped healthcare organizations minimize risk and increase revenue. HBCS will augment Med-Metrix’s back-end RCM capabilities, while adding patient account resolution solutions to improve patient engagement and drive better outcomes.

“This transaction brings together two very similar corporate cultures with a shared mission of delivering exceptional performance for our clients. We are thrilled to partner with HBCS’ outstanding leadership team to build upon their brand as a best-in-class patient financial services provider with decades of domain expertise,” said Joseph Davi, Founder and CEO of Med-Metrix. “HBCS has built a terrific company with a differentiated platform, and we look forward to integrating their solutions to further strengthen our collective capabilities,” said Rob Wright, Co-President of Med-Metrix.

“Our top priority has always been to respond to the needs of our clients. As a combined force with Med-Metrix, we will be better positioned to execute that mandate,” said Brian Wasilewski, President and CEO of HBCS. “Looking back at the growth of HBCS over the last few decades, I am very proud of the results our team has realized for our customers, and we look forward to building upon our success in partnership with Med-Metrix and their market leading proprietary software and end-to-end RCM service capabilities.”

“We believe that the combination of Med-Metrix and HBCS creates a further differentiated technology-enabled RCM platform. AMCP looks forward to supporting Med-Metrix’s current trajectory, including continued organic growth and additional M&A opportunities,” said Rob Haisch, a Partner of AMCP.

About Med-Metrix 
Med-Metrix is a leading technology-enabled services platform providing RCM and Business Intelligence (“BI”) solutions for health systems and physician groups across the United States. Med-Metrix provides end-to-end as well as point solution RCM and BI services via the Company’s proprietary software platform. More information is available at www.med-metrix.com. 

About HBCS
HBCS is a healthcare services organization committed to helping its customers achieve sustainable revenue cycle improvements by streamlining processes, leveraging technology, and employing creative problem-solving. HBCS’ focus is on investing in client relationships, discovering new ways to optimize payer revenue, and assisting patients in resolving their healthcare bills. HBCS has been providing services to the healthcare industry since 1985, with an average client tenure of 10 years. HBCS is based in New Castle, DE, and has a regional office in Wakefield, MA. More information is available at www.hbcsrevcycle.com. 

About A&M Capital Partners
A&M Capital Partners (“AMCP”) is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total commitments under management of approximately $4.0 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. More broadly, Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $5.9 billion in total commitments under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world.  More information is available at www.a-mcapital.com.

A&M CAPITAL PARTNERS | 06.10.24

VTG Acquires Clear Cloud, Accelerating Intelligence Community-Focused Growth Strategy

CHANTILLY, Va., June 10, 2024 /PRNewswire/ — VTG, an industry-leading national security solutions provider, announced that it has acquired Clear Cloud, LLC, strengthening its digital transformation capabilities and accelerating its Intelligence Community-focused growth strategy. Based in Northern Virginia, Clear Cloud delivers software, cloud, and data engineering solutions and services to U.S. Intelligence Community customers and missions.

“We are excited to welcome Clear Cloud and its remarkably talented cadre of developers, engineers, and technologists to VTG,” said John Hassoun, VTG President and CEO. “The acquisition of Clear Cloud enables VTG to address emerging challenges to national security and highlights our commitment to investing in the software-oriented capabilities and expertise our Intelligence Community customers need most.”

Clear Cloud was founded in 2018 to provide innovative, secure, and scalable cloud solutions for enterprise-level and mission-critical national security programs. The Company’s customer-centric approach and differentiated expertise in custom Intelligence Community cloud environments have earned Clear Cloud a high-performance reputation for developing and deploying specialized applications, optimizing cloud operations, and ensuring mission success. Clear Cloud co-founder and CEO, Dr. Charles Thomas, Jr. said, “I am extremely excited for the Clear Cloud team. This milestone is a testament to their dedication and exceptional talent, and a direct reflection of the outstanding contributions of each team member. VTG shares our commitment to the pursuit of excellence and our passion for creativity and innovation. We are thrilled to enter the next phase of our journey with such a great partner.”

The acquisition of Clear Cloud underscores and accelerates VTG’s software-oriented Intelligence Community growth strategy. It is VTG’s second acquisition since receiving a majority investment from private equity firm A&M Capital Partners in September 2023 and follows close on the heels of VTG’s April 2024 acquisition of digital transformation innovator Vana Solutions.

About VTG
VTG delivers modernization and digital transformation solutions that expand America’s competitive advantage in the modern battlespace. Headquartered in Chantilly, Virginia, VTG provides full lifecycle engineering for naval, aerospace, network, and digital requirements. Whether at sea, in the air, on land, or in cyberspace, VTG delivers Tomorrow’s Transformation Today. For more information, visit us at www.VTGdefense.com.

About A&M Capital Partners
A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total commitments under management of $4.0 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates, and management teams, providing the capital and strategic assistance required to take businesses to the next level of success. A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.

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.

A&M CAPITAL PARTNERS | 06.06.24

Ayesa Acquires Emergya Group

4 June 2024 – 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 Emergya Group, a fast-growing Spanish provider of digital transformation services specialised in Google Cloud technologies.

Founded in 2003, Emergya Group operates two independent divisions, Emergya and Proxya. Emergya develops cutting-edge data and artificial intelligence solutions, such as conversational AI, location intelligence, and cloud-native apps. Proxya provides software development, evolutive app maintenance, and digital workplace solutions. Emergya Group employs 680 professionals and serves clients primarily in the technology, consumer, and public administration sectors.

The acquisition of Emergya Group is expected to strengthen Ayesa’s leading position in the Spanish IT services market and expand Ayesa’s capabilities in emerging technology verticals. Following a period of significant M&A activity that included the acquisitions of Byrne Looby, M2C and Ibermática, among others, Emergya Group represents Ayesa’s sixth acquisition since AMCE’s investment in January 2022.

AMCE and Ayesa were advised by Arcano as financial advisers, Pérez-Llorca as legal and tax advisers, and Alvarez & Marsal as accounting advisers.

About Ayesa

Headquartered in Spain, Ayesa is a leading international provider of digital and engineering services with >13,000 employees 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 Emergya Group represents AMCE’s twenty-first transaction. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm that manages funds and accounts with commitments totalling ~€5.5 billion across four 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 | 04.25.24

VTG Enhances Digital Transformation and Cloud Capabilities with Acquisition of Vana Solutions

CHANTILLY, Va., April 25, 2024 /PRNewswire/ — VTG, an industry-leading national security solutions provider, announced today that it has acquired Vana Solutions, LLC, a Dayton, Ohio-based digital transformation innovator. Vana provides end-to-end digital transformation expertise combined with cutting-edge technologies to deliver secure cloud environments, data fabric solutions, and advanced analytics for mission-critical national security programs.  

“I am pleased to welcome the Vana team to VTG,” said John Hassoun, VTG President and CEO. “Vana is a perfect cultural and strategic fit. It adds deep digital domain expertise, bolsters our portfolio of differentiated technologies, and expands our market presence to the U.S. Air Force – especially to the key commands headquartered or operating from Wright-Patterson Air Force Base.”

Founded in 2005 by Srujal Sheth and Sunit Sheth, Vana’s highly skilled, highly technical professional workforce has earned a reputation for best-in-class innovation in the digital space by leveraging its proprietary technology solutions – epicAgile, vKesi, TurboKT, and vIOLA – to solve complex national security challenges, primarily for U.S. Air Force missions and programs. Vana CEO Srujal Sheth said, “I am so proud of our remarkable team – Vana’s success is a testament to their exceptional talent, commitment to our customers, and collaborative spirit.” COO Sunit Sheth added, “VTG shares our passion for the mission and innovative culture. I’m excited about our partnership and for the next phase of our journey.”

The acquisition of Vana will enable VTG to offer a more extensive portfolio of digital transformation and cloud services, solutions, and technologies to a combined customer base that now spans the Defense enterprise and Intelligence Community. This acquisition is VTG’s first since receiving a majority investment from private equity investment firm A&M Capital Partners in September 2023.

About VTG
VTG delivers modernization and digital transformation solutions that expand America’s competitive advantage in the modern battlespace. Headquartered in Chantilly, Virginia, VTG provides full lifecycle engineering for naval, aerospace, network, and digital requirements. Whether at sea, in the air, on land, or in cyberspace, VTG delivers Tomorrow’s Transformation Today. For more information, visit us at www.VTGdefense.com.

About A&M Capital Partners
A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $4.0 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates, and management teams, providing the capital and strategic assistance required to take businesses to the next level of success. A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.

About Alvarez & Marsal Capital 
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with approximately $5.9 billion in assets under management across six funds and four investment strategies. 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.

A&M CAPITAL PARTNERS | 04.17.24

A&M Capital Europe Announces Majority Investment in STOK Emballage

April 17, 2024 – A&M Capital Europe (“AMCE”), a London-based middle-market private equity investment firm, announces the signing of the acquisition of a majority stake in STOK Emballage (“STOK” or the “Company”), a leading value-added packaging distributor in Denmark with a growing international presence. AMCE is investing in partnership with the Stok family and the existing management team, led by CEO Martin Frederiksen, who will retain a significant stake in the Company.

Headquartered in Langeskov, Denmark, STOK distributes over 10,000 SKUs across all packaging products to diverse end-markets, with a strong focus on the food industry, and provides a broad range of value-added services to its clients, such as sustainability advisory, just-in-time delivery and warehousing solutions. The Company benefits from attractive market dynamics and has demonstrated strong organic growth over the past decade.

The partnership with AMCE is expected to enable STOK to strengthen its service offering and accelerate growth both in Denmark and internationally, supported by investments in new and improved processes and capabilities, including new product areas and end-markets.

Additionally, with AMCE’s support, STOK expects to pursue acquisition opportunities in existing and new markets.

AMCE was advised by Schjødt and Weil as legal advisers, Baird as financial advisor, Houlihan Lokey as debt adviser, Boston Consulting Group as commercial adviser, EY as tax adviser, PwC as accounting and tax adviser, Implement as IT adviser, ERM as environmental advisor and Alvarez & Marsal as operational adviser.

About A&M Capital Europe

AMCE is a London-headquartered, middle-market 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 STOK Emballage represents AMCE’s eighth platform investment and twentieth transaction. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm which currently manages funds and accounts with commitments totalling ~€5.5 billion across four investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world’s largest operationally focused advisory firms. For additional information, please visit A&M Capital’s website at www.a-mcapital.com.

About STOK Emballage

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 12 acquisitions over the last 25 years, four of which were in the previous three years.