AfricInvest

Announcements · 2

Sep 24, 2021ACQUISITIONParis, France
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.
AfricInvest investor LBO France acquirer Baobag target BNP Paribas Développement investor #Packaging jeantet.fr
Nov 22, 2016ACQUISITIONAlgeria, Algeria$55.0M
UK and German investors buy 49% stake in Général Emballage
AfricInvest sold its 40% stake in Algerian cardboard packaging maker Général Emballage to UK private equity funds and DEG, and buyers also bought 9% from the Batouche family. The total 49% stake was valued at USD 55 million.
AfricInvest partner Development Partners International investor DEG investor Général Emballage target #Packaging africanlawbusiness.com

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