BC Partners in €321 Million Polyconcept Sale
April 16, 2005
Cleary Gottlieb represented leading pan-European private equity firm BC Partners in the €321 million sale of Polyconcept to the global investment group Investcorp. The transaction is expected to close at the end of May, subject only to antitrust clearance.
BC Partners, together with Polyconcept management, had acquired Polyconcept from Dutch-listed conglomerate Hagemeyer in July 2000.
Polyconcept is the European leader in the development and distribution of promotional, lifestyle and gift products and has about 1,000 employees in the United States, Europe and Asia, with main offices in France, the Netherlands and Hong Kong. The company supplies a wide range of promotional, lifestyle and gift products to more than 10,000 advertising specialty distributors across Europe, as well as to various retail channels. End-users range from large corporations to small enterprises and consumers.