GPA is a full-service provider of premium packaging solutions to consumer electronics, beverage, jewellery, health and beauty brands in North America and Europe
Ontario Teachers’ Pension Plan Board has purchased a co-control stake in GPA Global. (Credit: EQT AB)
The Ontario Teachers’ Pension Plan Board has purchased a co-control stake in GPA Global from EQT Private Equity and other minority shareholders.
Under the deal, Tom Wang and Adam Melton, the two founders of GPA, will transfer their respective shares and continue to be the company’s leaders.
Both firms did not disclose the terms of the transaction.
GPA is a full-service provider of premium packaging solutions to consumer electronics, beverage, jewellery, health and beauty brands in North America and Europe.
With manufacturing facilities in Asia, North America, and Europe, the firm provides package design, engineering, vendor management, production, and distribution services.
Ontario Teachers’ Asia-Pacific Private Capital senior managing director Raju Ruparelia said: “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.”
GPA is the Ontario Teachers’ Private Capital team’s most recent investment in Asia.
Its other investment includes Sahyadri Hospitals, a private hospital network in Maharashtra, India, Greenstone, insurance distributors in Australia and New Zealand, and Princeton Digital Group, a pan-Asian investor, operator and developer of data centres.
Along with having extensive expertise in investing, Ontario Teachers’ recently made investments in TricorBraun, a packaging company, and Logoplaste, a Portugal-based producer of sustainable rigid plastics.
GPA has increased its capabilities set and geographic reach after EQT Private Equity invested in the company in 2017.
The company’s operational base has grown over the past five years from one office in Asia to 31 offices and facilities worldwide, including four in-house manufacturing facilities.