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Transactions / M••••••• H•••••••
N••• Capital Announces Sale of its Fresh Produce Packaging Platform – M••••••• H•••••••
Exit to a strategic buyerannouncedannounced Feb 2, 2023Fact
What happened
- Target
- M••••••• H•••••••
- Platform
- not an add-on on record
- Control
- unknown
- Share acquired
- unknown
- Industry
- industrials / packaging
- Target location
- unknown
- Seller kind
- Sponsor
- Rollover
- unknown
Values, only where disclosed
- Enterprise value
- Not disclosed
- Purchase price
- Not disclosed
- Equity value
- Not disclosed
- Target revenue
- Not disclosed
- Target EBITDA
- Not disclosed
- Multiple
- Not disclosed
Parties and roles
10 named
Buy side
- “RA’ANANA, Israel – N••• Capital (“N•••”) announced the sale of M••••••• H••••••• (dba “StePac”), a leading provider of modified atmosphere packaging solutions for fresh produce, to GTCR-backed PPC Flexible Packaging (“PPC”).”
- “R••• R••••••••, a Vice President with N•••, added, “While we are sad to part ways with StePac relatively early in our hold period, we are extremely pleased to see StePac evolve into a premier innovator of fresh produce packaging solutions and are confident that together with its deep pipeline of inn”
- ““It has been a tremendous partnership with CEO Asaf Shachnai and the rest of the StePac senior management team, from the moment of our initial investment,” said B•• A••••, a Partner with N••• Capital and former Director of StePac.”
Sell side
- “RA’ANANA, Israel – N••• Capital (“N•••”) announced the sale of M••••••• H••••••• (dba “StePac”), a leading provider of modified atmosphere packaging solutions for fresh produce, to GTCR-backed PPC Flexible Packaging (“PPC”). | published on N••• Capital Management P.E.'s own news page nilicapital.com”
Advisory side
- W•••••• B••••Financial adviserconfirmed“W•••••• B•••• served as financial advisor and K••••••• & E•••• served as legal advisor to PPC.”
- M••••••Financial adviserconfirmed“M•••••• served as financial advisor, and B•••• R••• L•• and G•• G•••• • C•• served as legal advisors to N••• and StePac.”
- K••••••• • E•••• L••Legal adviserconfirmed“W•••••• B•••• served as financial advisor and K••••••• & E•••• served as legal advisor to PPC.”
- B•••• R••• L••Legal adviserconfirmed“M•••••• served as financial advisor, and B•••• R••• L•• and G•• G•••• • C•• served as legal advisors to N••• and StePac.”
- G•• G•••• • C••Legal adviserconfirmed“M•••••• served as financial advisor, and B•••• R••• L•• and G•• G•••• • C•• served as legal advisors to N••• and StePac.”
Side not stated
- “RA’ANANA, Israel – N••• Capital (“N•••”) announced the sale of M••••••• H••••••• (dba “StePac”), a leading provider of modified atmosphere packaging solutions for fresh produce, to GTCR-backed PPC Flexible Packaging (“PPC”).”
Evidence
“RA’ANANA, Israel – N••• Capital (“N•••”) announced the sale of M••••••• H••••••• (dba “StePac”), a leading provider of modified atmosphere packaging solutions for fresh produce, to GTCR-backed PPC Flexible Packaging (“PPC”).”
Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)confidence 80%recorded Sep 18, 2026