One Equity Partners (OEP, European HQ: Frankfurt / Germany; www.oneequity.com) has acquired a 66% stake in Constantia Packaging AG (Vienna / Austria; www.constantiapackaging.com) in a deal worth around EUR 420m. Through the transaction, OEP will become majority shareholder and, subject to approval by Austrian regulatory authorities, will submit a voluntary take-over bid of EUR 38.67 per share to all of Constantia Packaging AG’s independent shareholders, with the aim of acquiring up to 75% of shares in the company. Holding company Constantia Packaging BV will retain a 25% share in Constantia Packaging AG.

A spokesperson for OEP, which is a unit of investment bank JP Morgan, said: “Our goal is to sustainably support Duropack, Constantia Flexibles and AMAG, three economically sound, independent Austrian companies under the umbrella of Constantia Packaging AG, in further exploring their international growth potential and thereby create a perspective for employees and management as well as the added value for our commitment.”