Shearman & Sterling advised PARAGON PARTNERS on the financing of the acquisition of a majority stake in DUO PLAST AG. The financial terms of the deal are undisclosed.
DUO PLAST, headquartered in Lauterbach, Germany, was founded in 1983 as a trading company and over the years has developed into the leading manufacturer of high-performance stretch films. With more than 150 employees at two locations in Hesse and Thuringia, the company generates sales of almost €60 million. DUO PLAST serves over 1,600 customers in the beverages & food, agricultural, non-food consumer goods, chemical and pharmaceutical industries – mainly from Germany, Austria, France and Benelux.
PARAGON PARTNERS is a leading private equity group with more than €1.2 billion of equity capital under management, specializing in investments in medium-sized companies in Germany, Switzerland and Austria. Based in Munich, Germany, PARAGON PARTNERS works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.