NEWS & VIEWS

Global private equity and venture capital news and research

WHEB exits packaging company Petainer to Next Wave Partners

25 Mar 2014

UK green-focused private equity firm WHEB has sold its stake in the sustainable packaging company Petainer to for twice amount it paid for it in 2008.

The stake has been bought by co-investor Next Wave Partners. Neither party revealed the terms of the deal.

Stephen Walls, Partner at Next Wave Partners and Chairman of Petainer said: ‘WHEB has been an excellent partner in the Petainer story and we look forward to investing alongside their private equity team again in the future.’

WHEB exited its stake in waste management technology specialist Advanced Manufacturer Control Systems in February.

That sale also saw the company more than double its money, according to sources familiar with the deal.

Recently the Sunday Times reported that WHEB had raised €100m to date for its third and largest investment fund, with a €40m cornerstone from the European Investment Bank, alongside Hermes GPE and F&C. The firm is aiming to reach its €250m target by the end of the year, the report added.

Copyright © 2014 NewNet

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014