Endless wins Private Equity Exit Deal of the Year

At last night's North West Rainmakers Awards 2017 the Private Equity Exit Deal of the Year was won by Endless for its exit of  packaging business Excelsior Technologies and selling it to  FTSE 100 packaging business Mondi in a £33m deal.

Endless’ Enact Fund invested in the loss-making flexible packaging business alongside incumbent investor Growth Capital Partners in December 2014, securing 230 jobs across the business’ two sites in Deeside and Nelson.

The business is forecast to deliver £5.1m EBITDA in 2017. The exit delivered a 9.1x return for Endless investors.