MW Packaging is a leading designer and supplier of luxury packaging to the drinks and cosmetics industry around the world. Providing award winning luxury packaging solutions for many of the world’s most recognisable brands, the company had become a highly attractive acquisition target, with a turnover of circa £17 million.
Based in Hong Kong, GPA Global (GPA), backed by private equity house EQT, provides premium packaging and display solutions to the consumer electronics, mobile accessories, and games & toys markets
Early in 2017, GPA approached MW Packaging about a possible acquisition, aimed at facilitating its European expansion and enhancing its market offering.
We had built a good relationship with the shareholders of MW Packaging over several years. When the shareholders were approached by GPA, we were able to react quickly and enter into negotiations. The corporate finance team led the negotiations with GPA, significantly improving the initial offer and deal structure. The team also managed the due diligence process and advised on commercial aspects of the legal documents to achieve a successful completion. Faced with a challenging overseas buyer, and a highly complex deal structure, our deal experience was critical throughout the process to deliver an optimal solution.
“Grant Thornton’s negotiation skills and deal experience was invaluable throughout our transaction, resulting in a great outcome for the shareholders. The team were totally committed to delivering a successful result for us and I would definitely recommend them as advisers.”
Anthony Dowler Executive Chairman, MW Packaging Limited
