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.
- Ontario Teachers' Pension Plan holds 60% of Logoplaste and launched the sale process in October 2025
- The process initially pointed to a valuation of over EUR 1.7bn for Logoplaste
- Founders Filipe de Botton and Alexandre Relvas jointly hold about 40% and may reinvest alongside a new majority shareholder
- UBS and Barclays are advising on the sale; Logoplaste operates 66 factories in 17 countries with 2,677 employees in 2024