Accent Equity divests Eurowrap
The investment fund Accent Equity 2012 L.P. and minority shareholders have agreed to divest Eurowrap group, one of Europe's leading suppliers of gift packaging, to Clairefontaine Rhodia, being a part of the French group Exacompta Clairefontaine. Eurowrap has a production facility in Denmark and trading operations with in-house designing capabilities in the UK. Eurowrap's products are primarily sold to leading European retailers, mainly in the UK, Germany, and the Nordic countries.
Accent Equity was advised by Mannheimer Swartling in the transaction, which is expected to be completed in April 2019 following customary approval from the German Federal Competition Authority.