KKR

KKR becomes preferred bidder for Portugal's Logoplaste

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 put Portuguese blow moulder Logoplaste under new private equity ownership, resetting its capex and bolt-on acquisition appetite for the next holding period.

• KKR is the preferred bidder for Logoplaste, a Portuguese plastics packaging manufacturer.
• KKR is in exclusive talks with Logoplaste's owners.
• Apax Partners dropped out of the bidding process.
• A deal could be reached in the coming weeks, according to people familiar with the matter.

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