The funds managed by the consulting firm Alvarez & Marsal come from the capital of the Spanish sustainable packaging manufacturer.
Investment funds managed by the consulting firm Alvarez & Marsal have sold their 46% in the capital of the Spanish sustainable packaging manufacturer PackBenefit to the manager Circularity Capital, which takes absolute control of the company by owning previally 48% of the shareholders.
The remaining shares remain in the hands of the company’s current CEO.
Investment funds managed by the consulting firm Alvarez & Marsal have sold their 46% in the capital of the Spanish sustainable packaging manufacturer PackBenefit to the manager Circularity Capital, which takes absolute control of the company by owning previally 48% of the shareholders.
The remaining shares remain in the hands of the current CEO of the company, whose headquarters are in Valladolid.
Alvarez & Marsal has managed the participation in PackBenefit since 2022, accompanying the development of the company’s expansion plan, which has also been supported by financing granted by the European Investment Bank.
The company has about 110 employees. In the last year, it has made investments for a new factory that will be ready by the end of the year and will allow production to double.
“We are very satisfied with the result achieved after two years of intense management and transformation of the company, completing a growth cycle that leaves PackBenefit with ample financial resources and new production capacities in a market context of strong growth, culminating in the successful divestment by the funds we have under management,” commented Carlo Savani, senior director of the Financial Industry Advisory Services (FIAS) area at Alvarez & Marsal.
