Chesapeake is headquartered in Nottingham, UK and operates38 sites located throughout the UK, continental Europe, the US and Asia. The company provides folding cartons, leaflets and labels, for the pharmaceutical, confectionary, and premium drinks markets.
Irving Place and Oaktree Capital completed the take-private acquisition and recapitalisation of Chesapeake in May 2009. Since then the company has completed three add-on acquisitions during this period.
Irving Place Capital and Oaktree Capital were advised on the transaction by Barclays.
Irving Place has completed 18 acquisitions in the packaging sector since it started focusing on the space nine years ago. Portfolio companies include Alpha Packaging, Mold-Rite Plastics, and Multi Packaging Solutions.
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