EQT Private Equity sells stake in packaging firm GPA Global

EQT Private Equity has sold its co-control stake in GPA Global, a global packaging services provider, to Ontario Teachers' Pension Plan Board. The packaging firm operates across North America, Europe, and Asia. The sale concludes EQT's five-year investment period.

Since EQT Private Equity's investment in 2017, GPA Global has expanded significantly. It has grown from a single office in Asia into a global platform with 31 facilities worldwide and increased its workforce from approximately 150 to 2,000 employees. The company has also completed seven strategic add-on acquisitions during this period.

GPA Global offers end-to-end packaging services, including prototyping, design, manufacturing, and supply chain logistics. It serves over 600 customers across various end-markets, such as beverages, consumer electronics, healthcare, beauty, and jewelry.

EQT Private Equity characterized the sale as a successful exit in Asia, further reinforcing the firm's momentum in the Asia-Pacific region. EQT is a global investment organization with EUR 77 billion in assets under management as of June 30, 2022.