Advent ups investment in IPG
Advent Private Capital, a Melbourne-based mid market private equity group, has increased its original investment in Integrated Packaging Group (IPG), a packing specialty company in Australia, to $50 million. Advent already had a controlling stake, but with this capital injection raises its holdings to 92%, while management owns 8%.
Established in 1992 as a recycling and packaging company, the company later developed the business to provide value-added services in the packaging and recovery industry. IPG now distributes various handling...
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