French luxury packaging maker Verpack has recomposed its shareholder base, with Aldebaran Capital Partners entering alongside management as Crédit Mutuel Equity exits. Crédit Mutuel Equity had backed Verpack in a buyout since 2020. The company expects revenue of EUR 60m (USD 67.5m) this year and plans to accelerate growth in France and Europe.
Why this mattersA new financial sponsor backing a luxury packaging specialist points to continued private-equity appetite for premium case and box makers serving beauty and spirits brands.
- Aldebaran Capital Partners enters Verpack's capital alongside management and becomes its lead financial investor
- Crédit Mutuel Equity exits after backing Verpack in a first buyout since 2020
- Verpack forecasts revenue of EUR 60m (USD 67.5m) for 2026
- Verpack employs 530 staff at five sites in France and one in Tunisia
- It designs, makes and distributes premium cases and boxes for luxury, beauty, fashion, fine food and spirits
- De Pardieu advised the lending pool on the debt financing; no transaction value was reported
French secondary packaging manufacturer Verpack has completed a new leveraged buyout with private equity firm Aldebaran Capital Partners, with the founding Viers family retaining majority ownership. The company, which runs six industrial sites employing 530 staff, is targeting revenue of USD 68m (EUR 60m) in 2026 and plans to use the deal to fund its industrial transition and external growth.
Why this mattersA second LBO in six years shows continued private equity appetite for mid-sized European secondary packaging converters seeking capital for consolidation and industrial upgrades.
- Verpack completed a new LBO with Aldebaran Capital Partners, announced 24 September 2026.
- The Viers family retains majority ownership of the company.
- Verpack employs 530 staff across six industrial sites, five in France and one in Tunisia.
- The company targets revenue of USD 68m (EUR 60m) in 2026.
- Verpack's first LBO took place in 2020 alongside Crédit Mutuel Equity.
- Aldebaran Capital Partners is investing EUR 20m-30m through its Aldebaran Transformation Fund I
- Verpack posted EUR 55m revenue in 2025, up from EUR 42m in 2019
- Verpack plans to expand into Italy and Switzerland and to pursue further acquisitions
- Verpack is valued above EUR 50m (USD 55.9m), with debt exceeding EUR 20m (USD 22.4m) at about 3x EBITDA leverage.
- Financing arranged by BNP Paribas, LCL and Banque Populaire Bourgogne Franche-Comte.
- Chairman Stephane Viers leads the Viers family's majority voting control of the holding company.
- Credit Mutuel Equity, Verpack's investor since 2020, exits the business; Pax Corporate Finance advised the sellers.
- Crédit Mutuel Equity, Verpack's backer since 2020, has exited as Aldebaran Capital Partners becomes lead financial investor.
- De Pardieu Brocas Maffei advised the lenders' pool on the transaction.
