AUSTRIA, Wiener Neustadt. The Austrian packaging producer is financing its long-term growth with Goldman Sachs, CDPQ, UniCredit and Deutsche Bank.
The Schur Flexibles Group, an international supplier of sustainable packaging solutions, has secured a long-term financing ("Term Loan B") of €340 mill. In addition, a €50 mill. binding M&A (Mergers & Acquisitions) line for transactions such as mergers and acquisitions is being provided by credit funds from the Merchant Banking Division of Goldman Sachs and CDPQ.
In addition, the financing partners Deutsche Bank and Unicredit provide equal shares of a revolving credit facility (RCF) for Schur Flexibles Group, also for a total of €50 mill.
According to Schur Flexibles, the financing partners Goldman Sachs and Caisse de dépôt et placement du Québec (CDPQ), as well as Deutsche Bank and UniCredit, are thus creating the framework for flexible and dynamic growth.
"This financing partnership gives us the flexibility to take advantage of market opportunities even faster in the future," says Michael Schernthaner, CEO Schur Flexibles. "We will dynamically continue our strategic growth course as an integrated full-range supplier of customised products and services in the field of flexible packaging solutions. In doing so, we are clearly following the European 'Green Deal' path in order to expand our leading position in sustainable packaging alternatives and the consistent digitalisation of production processes along our integrated value chain.
Since its foundation in 2012, the group has positioned itself as a specialist supplier of flexible packaging solutions and as one of the leading companies in the packaging industry through successful M&A integration.