Butterfly Equity, a Los Angeles private equity firm focused on food and beverage, has agreed to acquire Sabert Holding Corp, a US-based maker of plastic, paper and molded fibre food packaging with 13 plants worldwide. Financial terms were not disclosed and the deal, backed by financing from UBS, Goldman Sachs and KKR Capital Markets, is expected to close in the fourth quarter of 2026. Founder Albert Salama will retain a minority stake.
Why this mattersSabert's 13 plants and multi-material foodservice range pass to a food-focused sponsor rather than a strategic buyer, keeping a scaled platform inside the private equity cycle.
- Butterfly Equity signed a definitive agreement to acquire Sabert Holding Corp, financial terms undisclosed
- Sabert operates 13 manufacturing facilities globally, including nine in the US and others in Belgium, England, Poland and China
- Sabert, founded in 1983 and based in Sayreville, New Jersey, employs about 3,000 people and holds over 400 product patents
- The deal is expected to close in the fourth quarter of 2026, subject to customary closing conditions
- Sabert founder and executive chairman Albert Salama will remain a minority investor after closing
- Financing is being provided by UBS Investment Bank, Goldman Sachs and KKR Capital Markets
KKR has emerged as the preferred bidder to acquire Portuguese plastics packaging maker Logoplaste, according to people familiar with the matter. The US private equity firm is in exclusive talks with Logoplaste's owners after rival bidder Apax Partners dropped out of the process. A deal could be reached in the coming weeks.
Why this mattersA change of control would place Portuguese packaging maker Logoplaste under a new private equity owner, resetting its investment and acquisition plans for the next holding period.
- KKR has emerged as the preferred bidder for Portuguese packaging maker Logoplaste, according to people familiar with the matter, reported on 16 September 2026.
- KKR is in exclusive talks with Logoplaste's owners.
- Apax Partners has dropped out of the process.
- A deal could be reached in the coming weeks, with no certainty that the talks lead to a transaction.
- A takeover of Logoplaste could rank among the largest deals in Portugal in 2026.
- Ontario Teachers' Pension Plan Board holds 60% of Logoplaste and is considering a sale valued at more than EUR 1.7bn (USD 1.95bn), expected to complete in 2026
- Minority shareholders may reinvest alongside the buyer to retain a combined 40% stake
- Logoplaste operates more than 60 plants in 17 countries for customers including Kraft Heinz, Diageo and L'Oreal, with annual revenue of about EUR 1bn (USD 1.15bn)
- Carlyle invested about EUR 660m (USD 758m) in Logoplaste in 2016, when the company was valued at EUR 1.4bn (USD 1.61bn) including debt in 2021
