Vinge has advised Next Wave Ventures in the acquisition by Next Waves and WHEB Ventures of Rexam Plc’s Petainer operations in Sweden, the Czech Republic and Germany for approximately SEK 190,000,000 (GBP 16,000,000).
Rexam’s Petainer operations manufacture PET beverage containers. The facilities in Lidköping and the Czech Republic have 250 employees and a combined turnover of SEK 700 million. These facilities primarily supply PET bottles to the Nordic and German markets. Next Wave is an English private equity and venture capital firm focused on investing in UK and European small cap companies and WHEB invests in companies focusing on environmentally friendly technology and sustainable solutions.
The Vinge team advising Next Wave consisted of partner Jesper Ottergren together with, among others, associates Anna Bjering, Magnus Bigner, Anna Bergstrand, Susanne Samuelsson and Ida Christensson.