KKR becomes preferred bidder for Portugal's Logoplaste

Private equity Portfolio & Strategy 16 Sep 2026

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 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

Logoplaste KKR counterparty Apax Partners mentioned Ontario Teachers' Pension Plan counterparty Carlyle mentioned

Sources bloomberg.com news.bloomberglaw.com marketscreener.com marketscreener.com mail.revistapackaging.pt PT akm.ru

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

2026-09-17 · Edited before publication: 'Private equity' is not on the fixed topic list. Replaced with Capital & Financial Markets alongside Portfolio & Strategy. Text is grounded in Bloomberg and correctly attributed to people familiar with the matter.
2026-09-17 · Edited before publication: Transaction facts are grounded in the Bloomberg excerpt. 'Why this matters' claimed a platform 'serving global consumer-goods brands across multiple continents', which the excerpt does not state; rewritten to a consequence the excerpt supports.
2026-09-18 · Further coverage added: news.bloomberglaw.com
2026-09-18 · Further coverage added: marketscreener.com
2026-09-19 · Further coverage added: marketscreener.com
2026-09-20 · Update: Bloomberg reports the sale process was launched in October 2025 by majority owner Ontario Teachers' Pension Plan at an initial valuation above EUR 1.7bn, with founders potentially reinvesting.
2026-09-21 · Edited before publication: Four key facts (Ontario Teachers' 60% stake and October 2025 launch, the EUR 1.7bn valuation, the founders' 40% and possible reinvestment, UBS and Barclays as advisers with 66 factories and 2,677 employees) are supported by none of the three excerpts, which cover only the preferred-bidder report; all removed. "Private equity" is not on the fixed topic list. Materiality c
2026-09-21 · Edited before publication: "Private equity" is not a slug on the fixed topic list. Replaced with Portfolio & Strategy and Capital & Financial Markets. Content is grounded in the Bloomberg excerpts, including the exclusivity, Apax's withdrawal and the absence of any certainty of a transaction.
2026-09-22 · Update: Ontario Teachers' Pension Plan Board, which owns 60% of Logoplaste, is reported to be weighing a sale of its stake valued at more than EUR 1.7bn (USD 1.95bn), expected to complete in 2026.