Goldman Sachs Alternatives has agreed to acquire Tosca, a reusable plastic container, pallet and bulk bin pooling operator, from funds advised by Apax Partners. Tosca runs 63 service and wash centres serving more than 5,000 customers across 30 countries in North America and Europe. Completion is expected later in 2026, subject to customary closing conditions and regulatory approvals.
Why this mattersThe deal signals continued private-capital appetite for reusable-packaging infrastructure, a segment competing directly with single-use packaging on food-supply-chain economics.
- Tosca operates 63 service and wash centres across North America and Europe.
- The company serves more than 5,000 customers in 30 countries.
- Buyer is the Infrastructure business of Goldman Sachs Alternatives.
- Seller is funds advised by Apax Partners LLP.
- Completion is expected later in 2026, subject to regulatory approvals.
- Sidley Austin advised Goldman Sachs Alternatives on the transaction.
Goldman Sachs Group has notified Gerresheimer that its voting rights in the German packaging maker exceeded the 10% threshold, per a disclosure dated 11 September 2026. Goldman Sachs describes the holding as arising from ordinary course client facilitation and portfolio management, and says it does not intend to seek board influence or changes to Gerresheimer's capital structure or dividend policy.
Why this mattersA bank crossing a 10% threshold, even passively, adds a significant shareholder whose future trading could affect Gerresheimer's share register stability.
- Goldman Sachs Group's voting rights in Gerresheimer AG exceeded 10%, per a notification dated 11 September 2026.
- The disclosure was made under Sections 33, 34 and 43 of the German Securities Trading Act (WpHG).
- Goldman Sachs states the stake stems from client facilitation and portfolio management, not strategic intent.
- Goldman Sachs says it does not intend to influence Gerresheimer's management or supervisory board.
- Goldman Sachs says it does not intend to change Gerresheimer's capital structure or dividend policy.
- The increase was funded by a mix of external and Goldman Sachs' own funds.
- The notification was published by Gerresheimer on 19 September 2026, eight days after the 11 September 2026 disclosure date.
- Goldman Sachs may acquire further voting rights in Gerresheimer over the next twelve months depending on client trading and hedging strategies.
