Investcorp to acquire SPGPrints

Bencis Capital Partners acquired SPGPrints in November 2007. Last year, it completed the takeover of Xeikon. Apeldoorn Flexible Packaging is another recent addition to its portfolio, which develops flexible packaging concepts and produces these films through multilayer cast and blown extrusion processes.

The transaction is Investcorp's fifth successful acquisition in 12 months following agreements to acquire Tyrrells, Paper Source, Namet and Totes.

Carsten Hagenbucher, a principal in Investcorp's corporate investment team in London, said: ‘We have followed SPGPrints for a long time and were attracted by its differentiated, global rotary screen business, its innovative digital inks activities, attractive precision metals offering and entrepreneurial management team.

‘We are excited to now have the opportunity to partner with management as we seek to help accelerate the company's growth, both organically and through appropriate add-on acquisitions, and to drive continued international expansion.

‘There are many parallels to other portfolio companies in which we have invested and we look forward to applying such knowledge to SPGPrints, particularly with respect to digital inks.’

D.W. Joustra, chief executive officer of SPGPrints, said: ‘We were impressed by Invescorp's long track record of working with the management teams of its portfolio companies to help them expand into new markets on an international scale. With a truly global presence, we believe that Investcorp is a complementary partner for SPGPrints and one that will provide us with the solid capital base required to help us realize the full growth potential of the business, including through add-on acquisitions.’