Duni divests shares in subsidiary BioPak to private equity firm Five V Capital

Duni AB has entered into an agreement to divest 25 per cent of the shares in BioPak Pty Ltd to Five V Capital Pty Ltd (Five V), and funds managed by Five V, a leading private equity and venture capital firm based in Australia.

The strategic partnership lays the foundation for delivering the next phase of growth for BioPak Group. Five V will be actively involved with management, Duni Group and Gary Smith (co-founder and CEO) as BioPak Group looks to grow its market-leading presence across existing and new markets.

BioPak Group with its subsidiaries in Australia, New Zealand, United Kingdom, United States and Singapore comprise approximately 60 percent of the turnover in Duni Group’s BioPak business area, which offers sustainable packaging solutions predominantly for meal packaging and food service purposes. Five V is a certified B Corporation with a natural focus on sustainable investments and has a strong track-record of helping businesses grow and expand both locally and internationally.

The completion of the transaction is subject to customary closing conditions and is expected to occur in December 2022.

Duni was advised by Mannheimer Swartling in the transaction


This website uses cookies to perform certain functions and help you navigate the site efficiently. A cookie is a text file with a small amount of information that is stored on your device. We share some of the information we obtain through these cookies with third parties. We only use cookies that are necessary for the site to function correctly and they therefore cannot be turned off. For further information, see Information on the use of cookies.