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News Apr 29, 2014

Shearman & Sterling Advises Electra on Its Cornerstone Investment in Innovia Group

Shearman & Sterling advised Electra Partners on its cornerstone investment in Innovia Group. Electra Partners invested €40 million into the €498 million acquisition by Arle Capital of the Innovia Group.  

Innovia is a leading global producer of specialty high-performance films used for packaging, and an established manufacturer of substrate used in polymer banknotes. The company operates from production sites on three continents and sells through a global network of sales offices, agents and distributors.

Electra Partners is an independent private equity fund manager with over 25 years' experience in the mid-market. During the last 25 years it has invested in excess of £3 billion in over 150 deals. As of September 30, 2013, the firm had funds under management of over £1.5 billion including available investment capacity of more than £450 million.

The Shearman & Sterling team advising on the transaction were partners Thomas Donegan (London-FIA&FR) and John Adams (London-Asset Management.), and associates George Milton, Sebastian Krujatz (both London-Antitrust), John Hutton and Anna Shelton (both London-Finance).