|By PR Newswire||
|August 13, 2014 04:06 PM EDT||
NEW YORK, Aug. 13, 2014 /PRNewswire/ -- Odyssey Investment Partners, LLC announced today that it has entered into an agreement to sell its portfolio company Ranpak Holdings, Inc., a leading provider of paper-based systems for the "in-the-box" protective packaging market, to investment funds affiliated with Rhone Capital L.L.C. Financial terms of the transaction were not disclosed.
The transaction, which is expected to be completed in the third quarter of 2014, is subject to customary closing conditions, including regulatory approvals.
Founded in 1972, Ranpak manufactures paper-based systems for protective packaging needs including cushioning, void-fill and wrapping applications. The Company's over 24,000 end-users include fulfillment and distribution centers and OEMs in North America, Europe and the Pacific Rim. Ranpak is headquartered in Concord Township, Ohio and has more than 430 employees worldwide.
About Odyssey Investment Partners
Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading middle-market private equity firm with approximately $4.0 billion under management. Odyssey Investment Partners, LLC primarily makes majority, controlled investments typically in established middle-market companies in a variety of industries. For further information about Odyssey Investment Partners, LLC, please visit http://www.odysseyinvestment.com.
Rhone, established in 1996, is a global private equity firm with a focus on investments in market leading businesses with a pan-European or transatlantic presence and expansion prospects. Rhone's investment philosophy includes the development of strong, strategic partnerships with the companies in which it invests. Rhone has offices in London and New York and currently holds investments in a diversified portfolio of companies including investments in the business services, chemicals, consumer products, food, industrial, materials, mining, and shipping industries.
Kekst and Company
SOURCE Odyssey Investment Partners, LLC
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 28, 2016 03:15 PM EDT Reads: 1,295
Sep. 28, 2016 03:15 PM EDT Reads: 4,123
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Sep. 28, 2016 03:15 PM EDT Reads: 305
Sep. 28, 2016 03:00 PM EDT Reads: 3,857
Sep. 28, 2016 02:45 PM EDT Reads: 1,736
Sep. 28, 2016 02:30 PM EDT Reads: 3,293
Sep. 28, 2016 02:30 PM EDT Reads: 2,921
Sep. 28, 2016 02:00 PM EDT Reads: 4,414
Sep. 28, 2016 02:00 PM EDT Reads: 4,752
Sep. 28, 2016 01:57 PM EDT Reads: 199
Sep. 28, 2016 01:23 PM EDT Reads: 233
Sep. 28, 2016 01:00 PM EDT Reads: 166
Sep. 28, 2016 01:00 PM EDT Reads: 1,104
Sep. 28, 2016 01:00 PM EDT Reads: 3,547
Sep. 28, 2016 12:30 PM EDT Reads: 5,098