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Private equityPortfolio & Strategy 24 Sep 2026

French packaging maker Verpack completes new LBO with Aldebaran Capital Partners

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.
Verpack Aldebaran Capital Partners counterparty Credit Mutuel Equity counterparty Crédit Mutuel counterparty
Sources formesdeluxe.com emballagedigest.fr ebs.publicnow.com FR eti-radio.fr FR de-pardieu.com FR
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-09-27 · Edited before publication: Topic 'Private equity' is not on the fixed list; an LBO belongs under Capital & Financial Markets. Materiality reduced to 2: a converter targeting EUR 60m of revenue, with no disclosed deal value. Per standing guidance a USD deal value would be wanted here, but the source does not give one, so none can be added.
  • 2026-09-27 · Edited before publication: Grounding and conversion are sound (EUR 60m at 1.1403 = USD 68m). The topic "Private equity" is not on the fixed list; an LBO belongs under Capital & Financial Markets alongside Portfolio & Strategy. Text unchanged.
  • 2026-09-29 · Further coverage added: emballagedigest.fr
  • 2026-10-05 · Update: Aldebaran Capital Partners is investing EUR 20m-30m for its reference stake in Verpack, which posted EUR 55m revenue in 2025 and plans expansion into Italy and Switzerland.
  • 2026-10-09 · Update: Further detail emerges on Verpack's Aldebaran LBO: valuation above EUR 50m (USD 55.9m), debt over EUR 20m (USD 22.4m) at about 3x EBITDA, financed by BNP Paribas, LCL and Banque Populaire Bourgogne Franche-Comte.
  • 2026-10-10 · Update: Crédit Mutuel Equity's exit from Verpack as Aldebaran Capital Partners takes over as lead financial investor is now confirmed, with De Pardieu Brocas Maffei named as adviser to the lenders' pool.