WARSAW, POLAND – AUGUST 4, 2020 – MacDonald & Associates is serving as exclusive financial advisor to a group of shareholders led by Horizon Capital, a leading regional private equity firm with over $850 million under management, including managing the investment portfolio of Western NIS Enterprise Fund, on their sale of Glass Container Holding to Vetropack Group.
Glass Container Holding is the leading container glass producer based in Moldova with leading market positions in Romania and Moldova. Vetropack Group is one of the largest European container glass producers based in Switzerland.
The transaction represents one of the most prominent acquisitions announced in Southeastern Europe in the COVID-19 environment to date.
MacDonald & Associates has run a competitive and well-organized sale process focused on maximizing shareholder value.
The firm has worked closely with Glass Container Holding’s management team to prepare the company for the sale, produced high-quality marketing materials, leveraged its ample network of senior-level contacts in the glass packaging industry ensuring a comprehensive buyer outreach, provided the selling shareholders with tailored advice regarding process tactics and timing and the selection of the right buyer, and played an influential role in SPA negotiations.
“We were truly impressed with MacDonald & Associates’ quality of advice, their commitment to providing a world-class service to its clients as well as their ability to navigate swiftly through the challenging COVID-19 deal environment. Their involvement and guidance in the transaction was instrumental in securing an investor with a long-term outlook for Glass Container Holding. We would very much like to work with the MacDonald & Associates team in the future,” said Vasile Tofan, Partner at Horizon Capital.
“This transaction underscores MacDonald & Associates’ market-leading capabilities in both cross-border M&A and the food & beverage packaging sector, and cements our firm’s reputation as a first-rate corporate finance advisor of a European-wide reach,” said Edward MacDonald, Managing Partner of MacDonald & Associates.
The transaction is subject to certain regulatory approvals and customary closing conditions.