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Grupo Phoenix Agrees to Sell Minority Stake to One Equity Partners

One Equity Partners has agreed to acquire a minority stake in Grupo Phoenix. Financial terms weren’t announced. Grupo provides rigid packaging solutions for consumer goods and products in the Americas.

PRESS RELEASE

NEW YORK–Grupo Phoenix (“Phoenix” or “the Company”), a world leader in the supply of innovative rigid packaging solutions for consumer goods and products in the Americas, announced today that it has entered into a definitive agreement with One Equity Partners (“OEP”) for a significant minority equity investment.

Alberto Peisach, Phoenix’s CEO, said “OEP’s investment will ensure that Grupo Phoenix continues to meet the needs of its expanding global customer base while enabling the Company to invest in technologies that add value to these customers – and ultimately the consumer – through innovative packaging.

Advisors:

J.P. Morgan acted as exclusive financial advisor in the transaction. Greenberg Traurig acted as legal advisor to Grupo Phoenix, while Covington & Burling and Baker & McKenzie acted as legal advisors for OEP.

About Grupo Phoenix:

Grupo Phoenix is one of the fastest growing, most innovative rigid packaging companies in the Americas. Its products target the commercial food packaging, food service and disposable consumer products industries. Phoenix follows its customers through a distributed network of 10 manufacturing plants: two in Colombia, one in Mexico, five in Venezuela and two in the United States. The Company has been an industry leader in Latin America for over 20 years; our award winning packaging innovations and leading brands have fueled our growth and expansion from our original territories to more than 20 different countries including the United States. Grupo Phoenix is deeply committed to the communities it serves, its people, its employees and the countries where it has presence through each one of its subsidiaries, by directing its aim towards growth, innovation and sustainability. Visit Grupo Phoenix at www.GrupoPhoenix.com

About One Equity Partners:

One Equity Partners (OEP) makes private investments behind compelling business ideas and strong management teams. Established in 2001, OEP manages $10 billion of investments and commitments for JPMorgan Chase & Co. in direct private investment transactions. Partnering with management, OEP invests in transactions that initiate strategic and operational changes in businesses to create long-term value. OEP’s investment professionals are located across North America, South America, Europe and Asia, with offices in New York, Chicago, Frankfurt, São Paulo, Vienna and Hong Kong. One Equity Partners acts as a lead investor in acquisitions and growth capital financing. Historically, OEP’s investments typically range from $50 million to $500 million per transaction. Visit www.oneequity.com for more information.