Blue Cap AG has sold its 100% stake in con-pearl GmbH to Inteplast Group Corporation for a total pre-tax revenue in the high double-digit million range, achieving impressive investment returns.

Information on the Target

The Blue Cap AG has entered into a definitive agreement for the sale of its 100% stake in con-pearl GmbH, an international manufacturer of innovative lightweight plastic products, particularly utilized within the transport and storage packaging sectors. Con-pearl has been a part of Blue Cap since 2019, contributing significantly to its product portfolio.

This divestiture is set to yield a total revenue (pre-tax) in the high double-digit million range, exceeding the net asset value assessment as of December 31, 2024, by more than 10%. The sale reflects an impressive internal rate of return (IRR) of over 60% annually, translating to a multiple on invested capital of approximately 15 times.

Industry Overview in Germany

The lightweight plastic products industry in Germany is marked by continual innovation and a focus on sustainable solutions. As a key player in the European market, the industry is adaptin