Vision Capital acquires Vitopel from DLJ Merchant JP Morgan

Vision Capital acquires Vitopel from DLJ Merchant and JP Morgan

6:55 AM, 18th April 2012
Vision Capital acquires Vitopel from DLJ Merchant and JP Morgan

NEW YORK, US: Vision Capital has acquired Vitopel from DLJ Merchant Banking Partners and JP Morgan Partners. Vitopel is the market leader in bi-axially oriented polypropylene (BOPP) film production in Latin America, generating over $300 million of revenue in 2011. Vision Capital intends to use Vitopel as a platform for consolidation in the BOPP industry and to capitalise on the high growth potential within the Latin America.

This acquisition builds on Vision Capital’s experience in delivering strategic and operational turnaround at Brazilian speciality packaging producer Terphane, which Vision Capital sold in 2011 after a successful turnaround programme. Vision Capital has appointed Peter A Briggs, Managing Director of the independent global professional services firm, as Group Executive Chairman of Vitopel.

“I look forward to working with Vitopel and Vision Capital to realise the full potential of Vitopel. The combination of Vision Capital’s experience and expertise in this field and geography, Vitopel’s market leading presence and the high growth potential of this industry present excellent opportunities for the future,” said Peter A Briggs, Group Executive Chairman, Vitopel.

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