Airopack Technology Group
Deal Type
Fundraising
Sector
Industrials
Completion Date
8th February 2018
Deal Value
€45m
Company Background
Airopack Technology Group AG is a SIX Swiss Exchange listed leading developer and supplier of mechanical and pressure-controlled dispensing packaging technologies and systems for manufacturers and suppliers of cosmetics, body care, home care, pharmaceutical and food products. The revolutionary and patented Airopack® technology offers a safe, all-plastic pressurized dispenser that is environmentally and planet friendly.
Airopack Technology Group holds the patent and is the worldwide sole producer of this unique dispenser. The Airopack packaging solution has been chosen by Procter & Gamble for its Gillette Fusion ProGlide Sensitive and Venus Olay shave gel lines.
Deal Summary
OXEYE Advisors acted as financial advisor to Airopack Technology Group for raising EUR 15 mio debt facilities and a EUR 30 mio revolving lease facility from Rabobank. This financing was raised for the acquisition of SIPN Equipment (renamed Airofiller), the production partner for Airopack filling equipment, and to fund the capex for expansion of production capacity to 200 million Airopack dispensers annually.
Value Added
The EUR 15 mio debt facilities from Rabobank were the first sizeable bank debt for the still EBITDA negative scale-up company Airopack Technology Group (ATG). With our indepth knowledge of ATG and its existing EUR 90 mio facilities provided by Apollo Global Management funds, on the raising of which we advised in 2015 and 2017, we could help to create a debt structure that worked for both Rabobank and Apollo as well as ATG. The revolving nature of the EUR 30 mio lease facility from Rabobank gives ATG more room and flexibility for future capex programs to further ramp-up production capacity.
Airopack Technology Group deal contacts
Key members of the OXEYE MONTHIS deal team crucial in the Airopack Technology Group transaction
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