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Flint Group Is Acquired by Goldman Sachs, Koch Industries

April 11, 2014
FRANKFURT, GERMANY/NEW YORK—April 11, 2014—Goldman Sachs Merchant Banking Division announced that it has partnered with Koch Equity Development LLC, a subsidiary of Koch Industries, to acquire shares representing 100 percent of Flint Group’s share capital from funds advised by private equity firm CVC Capital Partners. Koch Equity Development has agreed to invest with Goldman Sachs in a newly formed entity that will acquire Flint Group.

Flint Group is a leading global supplier of inks and other print consumables such as flexographic printing plates, blankets, image transfer products and chemicals for press rooms, to the packaging and the print media industries. The company has a global footprint and is the number one or number two supplier in most of the market segments it serves. Flint Group operates 137 sites in 40 countries and employs some 6,600 people.

“The management team of Flint Group is excited about this planned new ownership, and the opportunities this now presents,” said Antoine Fady, CEO of Flint Group. “The investment by Goldman Sachs Merchant Banking and Koch is a clear vote of confidence in our vision, strategic plans, and ‘can do’ culture. Flint Group’s fundamental dedication to safety, sustainability, integrity and compliance will continue to form the foundation of all of our business activities.”

Martin Hintze, Co-head of Corporate Equity Investing in Europe of Goldman Sachs Merchant Banking Division, also noted: “The acquisition of Flint Group fits well into our strategy of investing in leading global franchises and growing them organically and through acquisitions. We look forward to working in partnership with Koch Equity Development and Flint Group’s strong management team to execute on their strategy.”

Matthias Hieber, Head of Corporate Equity Investing in the German Speaking Region of Goldman Sachs Merchant Banking Division, also commented: “We believe Flint Group is uniquely positioned to capture growth in its attractive printed packaging markets while at the same time continuing to benefit from strong and resilient performance of its print media business. With a significantly improved capital structure, Flint Group is best positioned to pursue its ambitious growth plans to further strengthen its market leading positions.”

Brett Watson, managing director of Koch Equity Development, also added: “Flint Group is an exciting opportunity for Koch Equity Development. Flint Group is a global leader with a clear strategy and a management team that has a consistent record of delivering results.”
 

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