HONG KONG, Sept. 19, 2022 /PRNewswire/ — Ontario Teachers’ Pension Plan Board (“Ontario Teachers'”) is happy to announce it has acquired a co-control stake in GPA Global (“GPA”, or the “Company”) from EQT Private Equity (“EQT”) and different minority shareholders. GPA’s two founders, Tom Wang and Adam Melton, will roll over their respective possession and proceed to guide the Company. Terms of the transaction usually are not being disclosed.
GPA is a main full-service supplier of premium packaging options to manufacturers in North America and Europe, serving diversified end-markets together with shopper electronics, beverage, jewellery, well being and sweetness. GPA gives design, engineering, vendor administration, manufacturing, distribution of packaging and has manufacturing footprint in Asia, North America and Europe.
Raju Ruparelia, Senior Managing Director, Private Capital, Asia-Pacific at Ontario Teachers’ stated: “We are excited to invest in GPA, our first co-control private equity investment in the region. We believe we are well positioned to support the company’s continued growth by leveraging our global reach and track record of success investing in the packaging and consumer sectors. We believe Tom and Adam have created a unique and differentiated packaging platform and look forward to a long-lasting partnership with them and GPA’s talented management team as the business enters its next stage of growth.”
Tom Wang, co-founder and President of GPA, and Adam Melton, co-founder and CEO of GPA, collectively stated: “We welcome Ontario Teachers’ and are eager to work with them to further build on the base we have created with EQT. Ontario Teachers’ global reach, longer term collaborative investment approach, and strong track record of relevant industry success makes them the ideal next partner for us and the Company. We look forward to working with the Ontario Teachers’ team as we work toward our objective of making GPA a globally recognized leader in sustainable packaging solutions.”
GPA is the most recent funding by Ontario Teachers’ Private Capital workforce in Asia. Recent investments embody Sahyadri Hospitals, the most important personal hospital chain in the Indian state of Maharashtra, Greenstone, one among Australia and New Zealand’s main insurance distributors, and Princeton Digital Group, a pan-Asian investor, operator and developer of knowledge centres. Ontario Teachers’ additionally has substantial expertise investing in the packaging sector, together with latest investments in Logoplaste, a Portugal-based producer of sustainable inflexible plastics, and TricorBraun, a international packaging chief and North America’s largest distributor of main packaging.
Founded in 2009, GPA is dual-headquartered in Shenzhen and Seattle, with protection in the US, the UK, Poland and Hong Kong. It gives full-service premium packaging options to manufacturers in North America and Europe, serving diversified end-markets together with shopper electronics, wine & liquor, jewellery, healthcare and sweetness. It gives design, engineering, procurement, distribution of packaging and has manufacturing footprint in Asia, North America and Europe. For extra data, go to https://www.gpaglobal.net/.
Ontario Teachers’ Pension Plan Board (Ontario Teachers’) is a international investor with web property of $242.5 billion as at June 30, 2022. We make investments in greater than 50 international locations in a broad array of property together with private and non-private equities, fastened earnings, credit score, commodities, pure assets, infrastructure, actual property and enterprise development to ship retirement earnings for 333,000 working members and pensioners.
With places of work in Hong Kong, London, Mumbai, San Francisco, Singapore and Toronto, our greater than 350 funding professionals deliver deep experience in industries starting from agriculture to synthetic intelligence. We are a absolutely funded outlined profit pension plan and have earned an annual total-fund web return of 9.6% for the reason that plan’s founding in 1990. At Ontario Teachers’, we do not simply make investments to make a return, we make investments to form a higher future for the lecturers we serve, the companies we again, and the world we reside in. For extra data, go to otpp.com and comply with us on Twitter @OtppInfo.
Contact: Media: Dan Madge, Ontario Teachers’ Pension Plan, Phone: +1 416-419-1437, Email: [email protected]
