Arle Capital acquires Innovia Group for €498m

Arle Capital has acquired Innovia Group from the Candover 2001 Fund for €498 million with funds raised from a syndicate of new investors. The company says this means that ownership remains with funds managed by the same international private equity company.

The Innovia Group employs 1600 people across two divisions: Innovia Films and Innovia Security. It operates six manufacturing sites located in Australia, Belgium, Mexico, the United Kingdom and the United States, coupled with a network of sales offices, agents and distributors throughout the world.

“We are delighted that we will be partnering again with Arle, who have worked closely alongside us since 2009. They share our vision for the future and will continue to support new investment in both the Films and Security businesses moving forward,” said Innovia Group CEO David Beeby.

“This transfer of ownership means that the Innovia Group has a strong future. It enables the company to sustain its growth plans across our technologies, brands and trademarks.”