Unipap A.S.

Two Czech private equity funds, BHS Private Equity Fund and MAM Private Equity Fund, are acquiring equal stakes in Pardubice-based industrial paper packaging maker Unipap from Belgian owner Van de Velde Packaging. The deal value is reported as in the mid-to-high hundreds of millions of Czech crowns.

Van De Velde Packaging acquired Unipap A.S., a Czech maker of industrial corrugated packaging and foam products with about EUR 25 million revenue in 2021. The deal, advised by Adpario Partners, is Van De Velde's first step into the Czech market.