Ontario Teachers’ Acquires a Co-Control Stake in GPA Global

Hong Kong, September 19, 2022 – Ontario Teachers’ Pension Plan Board (“Ontario Teachers”) is pleased to announce that it has acquired a joint controlling interest in GPA Global (“GPA”, or the “Company”) from EQT Private Equity (“EQT”) and others Minority shareholders. The two founders of GPA, Tom Wang and Adam Melton, will transfer their respective properties and continue to lead the company. The terms of the transaction are not disclosed.

GPA is a leading full-service provider of premium packaging solutions for brands in North America and Europe, serving diversified end markets including consumer electronics, beverage, jewelry, health and beauty. GPA offers packaging design, engineering, supplier management, production, distribution and has a manufacturing presence in Asia, North America and Europe.

Raju Ruparelia, Senior Managing Director of Private Equity, Asia-Pacific at Ontario Teachers’, said, “We are excited to invest in GPA, our first jointly controlled private equity investment in the region. We believe we are well positioned to support the company’s continued growth by leveraging our global reach and successful track record of investing in the packaging and consumer sectors. We believe that Tom and Adam have created a unique and differentiated packaging platform and we look forward to a long-lasting partnership with them and GPA’s talented management team as the business enters its next stage of growth.”

Tom Wang, GPA Co-Founder and President, and Adam Melton, GPA Co-Founder and CEO, said together, “We welcome Ontario teachers and look forward to working with them to continue building on the foundation we’ve created with EQT.. Ontario Teachers’ global reach, long-term collaborative investment approach, and strong track record of success in the relevant industry makes them the ideal next partner for us and the company.We look forward to working with the Ontario Teachers team as we work toward our goal of making GPA a globally recognized leader in sustainable packaging solutions.”

GPA is the latest investment from the Ontario Teachers Private Equity team in Asia. Recent investments include Sahyadri Hospitals, the largest private hospital chain in the Indian state of Maharashtra, Greenstone, one of the leading insurance distributors in Australia and New Zealand, and Princeton Digital Group, a Pan-Asian investor, operator and developer of data. Ontario Teachers’ also has significant experience investing in the packaging sector, including recent investments in Logoplaste, a Portugal-based manufacturer of sustainable rigid plastics, and TricorBraun, a global leader in packaging and North America’s largest primary packaging distributor. .

About Global GPA

Founded in 2009, GPA has two locations in Shenzhen and Seattle, with coverage in the US, UK, Poland and Hong Kong. It provides full-service, premium packaging solutions to brands in North America and Europe, serving diversified end markets including consumer electronics, wine and spirits, jewelry, healthcare, and beauty. It offers packaging design, engineering, procurement, distribution and has a manufacturing presence in Asia, North America and Europe. For more information visit https://www.gpaglobal.net/.

About Ontario Teachers
Ontario Teachers’ Pension Plan Board (Ontario Teachers’) is a global investor with net assets of $242.5 billion as of June 30, 2022. We invest in more than 50 countries in a wide range of assets including public and private equities, fixed income , credit, commodities, natural resources, infrastructure, real estate, and business growth to provide retirement income to 333,000 working and retired members.

With offices in Hong Kong, London, San Francisco, Singapore and Toronto, our more than 350 investment professionals bring a wealth of experience in sectors ranging from agriculture to artificial intelligence. We are a fully funded defined benefit pension plan and have achieved a total fund annual net return of 9.6% since the plan’s founding in 1990. At Ontario Teachers’, we don’t just invest to get a return, we invest to shape to a better future for the teachers we serve, the businesses we support, and the world we live in. For more information, visit otpp.com and follow us on Twitter @OtppInfo.

contacts:

dan madge
Ontario Teachers Pension Plan
Phone: +1 416-419-1437
Email: [email protected]

Leave a Comment