Metier Capital Growth Fund II has successfully exited its investment in Master Plastics through a management-led buyout, supported by a comprehensive financing package arranged by Nedbank Corporate and Investment Banking (CIB) and Investec Investment Banking.
This transaction encompasses Master Plastics’ three core business units: PlusNet, Barrier Film Converters, and Peninsula Packaging. These divisions are integral to the company’s operations and are well-regarded for their innovative contributions to the packaging industry. The buyout positions Master Plastics for its next phase of growth, with a focus on expanding its footprint in both domestic and international markets.
Nedbank played a pivotal role in the transaction, acting as the mandated lead arranger, bookrunner, coordinator, lender, and equity provider. Investec complemented this effort by serving as a joint funder and equity partner, reinforcing the financial strength behind the deal.
The three divisions involved are known for their specialized capabilities:
- PlusNet is a leader in shade-netting technologies that support agricultural productivity and sustainability.
- Barrier Film Converters focuses on advanced film solutions that enhance the shelf life and safety of food products.
- Peninsula Packaging specializes in recyclable and environmentally responsible packaging for fresh produce and food applications.
This strategic exit not only marks a successful realization for Metier but also sets the stage for Master Plastics to accelerate innovation and scale its operations under the leadership of its management team and new financial backers.
