Schur Flexibles Group’s €340 Million Refinancing

Gleiss Lutz advised the US private equity fund Lindsay Goldberg and its portfolio company Schur Flexibles.

Schur Flexibles Group, a leading international provider of innovative and sustainable packaging solutions, has set the course for future external growth.

Schur Flexibles has secured a long-term financing of EUR 340 million. In addition, an acquisition credit line of EUR 50 million and a revolving credit line of EUR 50 million are available. The lenders are Goldman Sachs and Caisse de dépôt et placement du Québec (CDPQ) as well as Deutsche Bank and UniCredit Bank.

The Schur Flexibles Group is a comprehensive specialist supplier of flexible and sustainable packaging solutions with a current total turnover of around EUR 520 million, making it one of the leading companies in the packaging industry in Europe. The Group, based in Wiener Neudorf, Austria, currently employs around 1,900 people at 22 production sites in eleven European countries.

Lindsay Goldberg is a US private equity fund and manages own funds of around USD 17 billion. In Europe, Lindsay Goldberg is advised by Lindsay Goldberg Europe GmbH.

The Gleiss Lutz team was led by Frank Schlobach (Picture) and included Patrick Reuter and Yvonne Gerster.

Involved fees earner: Yvonne Gerster – Gleiss Lutz; Patrick Reuter – Gleiss Lutz; Frank Schlobach – Gleiss Lutz;

Law Firms: Gleiss Lutz;

Clients: Lindsay Goldberg; Schur Flexibles;