Lindsay Goldberg Agrees to Sell Stake in Schur Flexibles

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Private investment firm Lindsay Goldberg is selling 80% of Schur Flexibles Group to B&C Group.

Lindsay Goldberg, which invested in Schur Flexibles in 2016, will remain co-owner by retaining 20% of the shares in Schur Flexibles following the closing of the transaction, which remains subject to antitrust approvals.

Headquartered in Austria, Schur Flexibles specializes in premium high-barrier packaging solutions. Since 2016, CEO Michael Schernthaner and Chairman Thomas Unger grew sales by more than 50% to €540 million (2020) and nearly tripled EBITDA. The number of employees grew from 1,200 to 2,100 at 22 production sites in Western and Eastern Europe. It makes high-barrier packaging solutions for the food, cosmetics, and pharmaceutical industries.

Since its founding in December 2000, the B&C Group has promoted Austrian entrepreneurship and, through its holding companies, holds stakes in three major listed industrial companies—AMAG Austria Metall, Lenzing and Semperit—as well as stakes in several technology and growth companies.

Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders, and management teams seeking to actively build their businesses. Since 2001, Lindsay Goldberg has raised more than $17 billion of equity capital and invested in more than 50 platform companies and over 250 follow-on acquisitions. Lindsay Goldberg Europe GmbH and certain of its members are Affiliate Partners of Lindsay Goldberg.