Houlihan Lokey Advises A&M Capital Europe

Houlihan Lokey is pleased to announce that A&M Capital Europe, a leading European middle-market private equity firm, has acquired a majority stake in Carton Pack, a market-leading provider of tailored packaging solutions to the fruit and vegetable industry. The transaction was completed on 21 April 2022.

A&M Capital Europe, strategically associated with Alvarez and Marsal, is a London-based European middle-market private equity firm with €650 million under management and specialises in providing strategic and operational support to growing European companies. This acquisition of Carton Pack represents A&M Capital Europe's fifth investment and its second in Italy.

Founded in 1970 by the Leone family and headquartered in Italy, Carton Pack is a leading group in the development, production, and sale of multi-material packaging for the food sector, with expertise in the fruit and vegetable and ‘ready-to-eat’ segments. Over the years, the company has developed a significant international presence, with approximately 30% of sales being generated abroad, and has extended its product portfolio towards innovative and sustainable materials, such as recycled PET (Polyethylene Terephthalate), paper, cardboard, and paper pulp. With around 400 employees, Carton Pack has three production plants and 15 distribution centres in Italy and Spain, serving over 1,300 customers across 40 international markets through an innovative and multi-material approach.

A&M Capital Europe acquired a majority stake in the company alongside Gianni and Giuseppe Leone, who will maintain their respective managerial roles. The partnership with A&M Capital Europe will allow Carton Pack to consolidate its leadership in the European market and accelerate its growth through M&A transactions.

Houlihan Lokey served as the financing advisor to A&M Capital Europe.