SPE exits to Sango Capital
SPE Capital Partners signed an agreement to sell a controlling stake in Sotipapier, the leading paper packaging manufacturer in Tunisia, to Sango Capital.
In addition to acquiring a majority stake in Sotipapier, Sango Capital plans to proceed to a tender offer in accordance with regulations in force. This agreement remains subject to the obtention of the required authorisations from the competent authorities.
Sotipapier was founded in 1981 and is the leading paper packaging manufacturer in Tunisia. The company manufactures and sells Kraft paper, test liner and fluting paper, mainly serving the cement and cardboard manufacturing sectors.
Nabil Triki, managing partner and CEO at SPE Capital stated, “Since its acquisition, Sotipapier has undergone a profound transformation, allowing it to upgrade production capabilities, strengthen its management team and improve governance … The team is very proud to have supported the company to achieve its growth plans. Looking forward, we are confident Sotipapier will continue to thrive and has the potential to develop into an integrated, pan-regional leader in the paper packaging sector.”
The SPE Capital team was led by Hela Hariz, Ghita Karoum and Dora Meoto.
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