ICG (Intermediate Capital Group, London, UK ) has signed an agreement to invest in Loparex (Apeldoorn, The Netherlands and Cary, NC, US). Following the transaction AAC Capital Partners will no longer be a shareholder in Loparex, having owned the company since 2005.
ICG is a specialist asset manager with €14.9bn of assets in third-party funds and proprietary capital investing in subordinated structured lending, private debt, leveraged credit and equity. ICG is listed on the London Stock Exchange (ICP). Loparex, a manufacturer of release liners and films, has manufacturing sites in Europe, Thailand, China, India and the United States. Members of the Loparex leadership team will also invest in this transaction and remain committed to supporting long term growth with Loparex customers.
Michael Apperson, CEO of Loparex says, “All of us at Loparex are very excited about this ownership transition, and we look forward to the support of ICG in our continued commitment to producing the world’s broadest portfolio of release liners to support long term growth with our global customers.”