Rutland Partners has sold CeDo to Stratco Investments

CeDo is one of Europe’s leading suppliers of household disposables, manufacturing both own-label and proprietary products such as refuse sacks, bin liners, cling film and aluminium foil. It manufactures in UK, Poland and Vietnam and holds strong supply relationships with the majority of Europe’s largest supermarkets and discounters. It employs over 2,000 people across Europe and Asia.

Straco intends to continue to grow and develop the business and is retaining the existing management team led by CEO, David Pearce.

Lincoln International acted as the exclusive financial advisor to CeDo and its shareholders including Rutland Partners. Lincoln International worked closely with the management team and shareholders throughout the sale process by assisting with preparing marketing materials, positioning the business to convey its value proposition, advising on negotiations, coordinating due diligence and supporting the process until the closing of the transaction.

About Rutland Partners

Rutland Partners is a leading UK based special situations investor, which invests in underperforming UK companies and special situations to create stability, strategic change and improved performance. The value of investee companies will usually range from £20 million to £150 million with Rutland committing between £10 million and £50 million per investment. Rutland considers all later stage transaction types across all sectors with the exception of property, hi-tech and bio-tech investments. Rutland has raised over £700 million in committed capital across three funds: Rutland Fund I (£210 million), Rutland Fund II (£320 million) and Rutland Fund III. Fund III being raised and will have a final close in December 2014. Its first investment was the £85m acquisition of Maplin Electronics Ltd in June 2014. Rutland Partners LLP is authorised and regulated by the Financial Conduct Authority. For more information on Rutland, please visit www.rutlandpartners.com.

Rutland Partners CeDo Straco Investments 2014 Connect with a Senior Team Member
Lincoln successfully led the sale process and carefully handled the interaction with key stakeholders in the process. Once Straco emerged as the most compelling acquirer, Lincoln offered ongoing support and commitment to negotiate acceptable terms for all shareholders. We are very grateful for their help in delivering a successful outcome of this transaction.
Ben Slatter
Partner of Rutland

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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.