# Consortium of banks and funds led by Apollo takes over Schur Flexibles in restructuring

Packaging maker Schur Flexibles has been taken over by a consortium of banks and funds including Apollo, Capital Four, Guggenheim and Palmer Square. The restructuring includes a debt haircut of up to 75 percent, about EUR 400 million, and EUR 150 million of fresh capital.

- Type: Acquisition
- Announced: 2022-06-23
- Where: Germany
- Value: $157.5M (150.0M EUR)
- Status: announced
- Products: flexible packaging

## Companies

- [Schur Flexibles Group](https://endata.com/companies/367.md) (target)
- [Lindsay Goldberg](https://endata.com/companies/2077.md) (partner)
- [Apollo](https://endata.com/companies/4380.md) (investor)
- [B&C Group](https://endata.com/companies/7985.md) (partner)
- [Capital Four](https://endata.com/companies/9387.md) (investor)
- [Guggenheim](https://endata.com/companies/9388.md) (investor)
- [Palmer Square](https://endata.com/companies/9389.md) (investor)

## Sources

- [finance-magazin.de](https://www.finance-magazin.de/finanzierungen/private-debt/schur-flexibles-details-der-refinanzierung-enthuellt-123322/), 2022-06-23: "Schur Flexibles gehört künftig einem Konsortium bestehend aus verschiedenen Banken und Fonds, darunter Apollo, Capital Four, Guggenheim und Palmer Square."

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