# LBO France takes majority stake in French flexible packaging maker Baobag

Investment fund LBO France acquired a majority stake in Baobag, a French maker and distributor of large-capacity flexible packaging, alongside AfricInvest, BNP Paribas Développement and management. The deal was announced in Paris on 24 September 2021 and no value was disclosed.

- Type: Acquisition
- Announced: 2021-09-24
- Where: Paris, France
- Status: completed
- Products: flexible packaging, large-capacity bags
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [AfricInvest](https://endata.com/companies/418.md) (investor)
- [LBO France](https://endata.com/companies/8426.md) (acquirer)
- [Baobag](https://endata.com/companies/8427.md) (target)
- [BNP Paribas Développement](https://endata.com/companies/8428.md) (investor)

## Sources

- [jeantet.fr](https://www.jeantet.fr/2021/09/jeantet-conseille-lbo-france-dans-le-cadre-de-sa-prise-de-participation-majoritaire-au-sein-de-baobag/), 2021-09-24: "Jeantet a conseillé le fonds d'investissement LBO France dans le cadre de sa prise de participation majoritaire au sein de la société française Baobag"

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