# Madison Dearborn Partners to acquire IPL Plastics for about CAD 550 million

Madison Dearborn Partners funds agreed to acquire IPL Plastics Inc. from shareholders including CDPQ for approximately CAD 550 million on 28 July 2020. CDPQ will keep a minority stake of about 24.9%.

- Type: Acquisition
- Announced: 2020-07-28
- Where: Montreal, Canada
- Value: $390.0M (550.0M CAD)
- Status: announced
- Products: plastic packaging containers
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Caisse de dépôt et placement du Québec](https://endata.com/companies/322.md) (investor)
- [Caisse de dépôt et placement du Québec](https://endata.com/companies/322.md) (partner)
- [Madison Dearborn Partners](https://endata.com/companies/1549.md) (acquirer)
- [IPL Plastics](https://endata.com/companies/6801.md) (target)
- [Intelligent Packaging Limited Purchaser](https://endata.com/companies/6807.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/IPL-PLASTICS-INC-44403616/news/Madison-Dearborn-Capital-Partners-VIII-Executive-A2-L-P-Madison-Dearborn-Capital-Partners-VIII-Ex-33771645/), 2020-07-28: "Madison Dearborn Capital Partners VIII ... entered into an agreement to acquire IPL Plastics Inc. from a group of shareholders for approximately CAD 550 million."
- [globenewswire.com](https://www.globenewswire.com/news-release/2020/07/29/2069401/0/en/madison-dearborn-partners-agrees-to-acquire-ipl-plastics-inc.html), 2020-07-29: "The transaction values IPLP at C$555 million on an equity basis and at C$981 million on an enterprise basis."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/madison-dearborn-partners-with-caisse-de-depot-et-placement-du-quebec-to-acquire-ipl-plastics-inc--817691223.html), 2020-07-29: "CDPQ announces today that it is supporting Madison Dearborn Partners, LLC in its efforts to acquire all of the issued and outstanding common shares of IPL Plastics Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.