Goldman Sachs and Koch Equity Development to Buy Flint Group
FRANKFURT, Germany/NEW YORK - Goldman Sachs Merchant Banking Division announced that it has partnered with Koch Equity Development LLC, a subsidiary of Koch Industries Inc., to acquire shares representing 100% of Flint Group’s share capital from funds advised by private equity firm CVC Capital Partners. Koch Equity Development has agreed to invest with Goldman Sachs in a newly formed entity that will acquire Flint Group.
Flint Group is a global supplier of inks and other print consumables such as flexographic printing plates, blankets, image transfer products and chemicals for pressrooms. With a global footprint, Flint Group operates 137 sites in 40 countries and employs some 6,600 people.
Goldman Sachs Merchant Banking Division and Koch Equity Development will support the strategy developed by the Flint Group’s management team as it pursues a targeted business mix evolution towards the more attractive and higher growth printed packaging market while maintaining Flint Group’s strong position in the resilient print media business.