Kirchberg (Switzerland), February 15, 2022 – FairCap has acquired NYCO Flexible Packaging GmbH ("NYCO") from Clondalkin Group, a subsidiary of the Dutch investment company Egeria.
NYCO is a leading manufacturer of advanced and sustainable packaging solutions for the food, beverage, household, personal care and healthcare industries in Europe. NYCO specializes in the painting and coating of plastic and aluminum foils, as well as the production of blanks, shrink sleeves and rollstock for every type of application. In recent years, particularly resource-saving and recyclable films have been successfully developed. The company has won national and international packaging awards for this.
Sustainability is also a core element of FairCap's investment philosophy. Jasper Delekat, Managing Partner of FairCap, says: "We want to support NYCO in developing its full potential as an independent company in further developing forward-looking sustainable packaging solutions and in opening up new markets. With its know-how in sustainability and high innovative strength, NYCO is a perfect fit for us. We value the location in Switzerland as well as the knowledge and experience of the employees. Our experienced operational experts will support the management in the transition phase of the carve-out process and in achieving the long-term growth plans."
Roy van den Oudenhoven, General Manager of NYCO Flexible Packaging, is very positive about the future cooperation with FairCap: "The Clondalkin Group as well as its owner Egeria have enabled us to reposition ourselves in recent years and to move into the development of new technologies and products. Innovations such as our polypropylene closure systems (rollstock and blanks) make monomaterial solutions easier to implement and are successfully marketed by us. I am very proud that FairCap became aware of NYCO through our achievements in sustainability. Going forward, we will work with FairCap to further expand our expertise and exploit all opportunities our markets offer."
FairCap GmbH is an entrepreneurial investment company that acquires medium-sized companies in special situations (e.g. carve-out, succession) and holistically transforms them into sustainable, healthy organizations. In contrast to typical private equity funds, FairCap is a long-term investment holding company ("evergreen structure"), which is therefore not subject to a fund term and can hold investments for the long term. Sustainability is a core element of FairCap's investment philosophy.
FairCap was advised by: Heuking Lüer Wojtek (Legal Germany) led by Benedikt Raisch; Vischer AG led by Jürg Luginbühl (Legal Switzerland).