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Grafine Partners

Ecosystem Private
Headquarters
New York, US
Segment
Investors & Advisers
Stories held
1
Last story
14 Oct 2026

Grafine Partners is a New York-based private equity firm founded in 2019 that backs first-time and emerging fund managers and co-invests alongside them, including deals outside the packaging sector. It closed its inaugural strategy with about USD 600m in commitments in 2024 and has since made direct co-investments such as the proposed acquisition of Paragon Films with Atlantic Ridge Capital.

2026 1

1 stories · 2026

Private equityPortfolio & Strategy 14 Oct 2026

Atlantic Ridge and Grafine agree to buy Paragon Films for about USD 900m

Private equity firms Atlantic Ridge Capital and Grafine Partners have agreed to acquire US stretch and shrink film maker Paragon Films from Rhône for roughly USD 900m. Atlantic Ridge will lead the deal and work with existing management on growth; completion is expected in the fourth quarter of 2026.

Why this mattersA roughly USD 900m sale of a US stretch and shrink film maker from one private equity owner to another gives a reference point for valuing North American film converters.

  • Deal value is roughly USD 900m.
  • Seller is Rhône, which acquired Paragon Films in December 2021.
  • Completion is scheduled for the fourth quarter of 2026.
  • Paragon Films was founded in 1988 and is based in Broken Arrow, Oklahoma.
  • Paragon acquired Mexico-based Xpack Films last year to add shrink films to its range.
  • Paragon's product line includes Beyond, a thin-gauge machine film made with post-consumer recycled content.
Paragon Films Atlantic Ridge Capital counterparty Grafine Partners counterparty Rhône counterparty
Sources packaging-gateway.com
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