Vision Capital Buys BOPP Maker Vitopel

Private equity firm Vision Capital (London) has acquired Vitopel (Buenos Aires), a producer of biaxially oriented polypropylene (BOPP) film with plants in Argentina and Brazil from DLJ Merchant Banking Partners and JPMorgan. Financial terms were not disclosed but the deal includes a debt restructuring led by existing Vitopel creditors Credit Suisse and Santander, which will continue as lenders to the company. Vitopel generated revenues of $300 million last...

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