DCF Completes Cross-Border Packaging Transaction
Chesapeake divests South African and Mauritian subsidiaries
Deloitte Corporate Finance LLC (DCF) is pleased to announce its role as financial advisor to Chesapeake Corporation (Chesapeake) in the sale of its South African and Mauritian beverage packaging businesses to Pamodzi Investment Holdings (Pamodzi). Terms of the transaction were not disclosed.
This transaction highlights DCF’s deep coverage of the packaging sector and experience in executing complex cross-border transactions.
About Chesapeake and Pamodzi
Chesapeake Corporation protects and promotes the world’s great brands as a leading international supplier of value-added specialty paperboard and plastic packaging. Headquartered in Amersham, UK, the company is one of Europe’s premier suppliers of folding cartons, leaflets and labels, as well as plastic packaging for niche markets. Chesapeake has 38 locations in Europe, North America and Asia and employs approximately 4,600 people worldwide.
Incorporated in 1996, Pamodzi Investment Holdings is South Africa's leading diversified investment company. Pamodzi, which has been awarded the Black Management Forum Progressive Company of 2007, was founded by black South African professionals and entrepreneurs and has raised 16 billion rand in equity and debt funding in the past 10 years.