Vitopel of Argentina and Koppol of Brazil to be acquired by J.P. Morgan Latin America Capital Partners and DLJ Merchant Banking Partners II, L.P.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 1, 2000 J.P. Morgan Latin America Capital Partners and DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
Vitopel and Koppol produce, distribute, and sell BOPP film to more than 300 clients in Argentina, Brazil, and other Latin American countries as well as in the United States. BOPP film is used in a wide range of consumer products - particularly food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. packaging, such as labels, tags, wrappings, and adhesive tapes - and is rapidly replacing other materials such as paper and cellophane cellophane, thin, transparent sheet or tube of regenerated cellulose. Cellophane is used in packaging and as a membrane for dialysis. It is sometimes dyed and can be moisture-proofed by a thin coating of pyroxylin. . Vitopel is the only producer of BOPP film in Argentina, with nearly 60% market share; and Koppol is the second largest producer in Brazil, with more than 20% market share. Combined, Vitopel and Koppol boast consolidated revenues of $80 million. J.P. Morgan Latin America Capital Partners and Donaldson Lufkin & Jenrette Merchant Banking formed BOPP Holdings to purchase Vitopel and Koppol from Arcor S.A. for approximately $87 million. Robert Velarde, Partner in J.P. Morgan Latin America Capital Partners, commented: "The combination of two recognized market leaders in this fast-growing segment of consumer product manufacturing makes Vitopel and Koppol well positioned to capture tremendous growth potential in the Mercosur and foreign markets. We will expand our production capacity in Brazil to meet growing demand in that country and to continue our export strategy." Carlos Garcia, a Managing Director in DLJ's merchant banking group, said: "We are enthusiastic about the opportunity to acquire Vitopel and Koppol because of their excellent management teams and industrial and commercial competitive advantages as well as the growth opportunities for BOPP film use in the region as end-users in the consumer product industries shift to more sophisticated packaging materials." J.P. Morgan Latin America Capital Partners, a private equity partnership affiliated with J.P. Morgan Capital Corporation, is a private equity partnership with capital commitments of $677.3 million, among the largest Latin America funds raised to date. The partnership has made several investments benefiting from the region's demand for capital. J.P. Morgan Capital Corporation, a subsidiary of J.P. Morgan & Co. Incorporated, is a leading global private global equity investor with investments in more than 150 companies in 23 countries across a range of industries. In 2000, Morgan Capital expects to invest approximately $1 billion in 2000 on behalf of its limited partners, J.P. Morgan, and its employees. Additional information can be found at www.jpmorgancapital.com. DLJ Merchant Banking Partners II, L.P. has committed capital of $3 billion and targets the purchase of equity and mezzanine securities in leveraged transactions and other similar types of transactions. Donaldson, Lufkin & Jenrette is a leading integrated investment and merchant bank serving institutional, corporate, government and individual clients. DLJ's businesses include securities underwriting; sales and trading; investment and merchant banking; financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal ; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management. Founded in 1959 and headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , DLJ DLJ Distributor License for Java DLJ Donaldson, Lufkin & Jenrette Inc. DLJ Drive Like Jehu (band) DLJ Defence Laboratory Jodhpur (India) DLJ Dead Letter Journal employs approximately 11,300 people worldwide and maintains offices in 13 cities in the United States and 16 cities in Europe, Latin America and Asia. The company has two classes of common stock trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Shares trading under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "DLJ" represent Donaldson, Lufkin & Jenrette, Inc. Shares trading under the ticker symbol "DIR" track the performance of DLJdirect, its online brokerage business. For more information on Donaldson, Lufkin & Jenrette, refer to the company's website at www.dlj.com. J.P. Morgan & Co. Incorporated 60 Wall Street, New York, NY 10260 NYSE NYSE See: New York Stock Exchange symbol: JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management www.jpmorgan.com Donaldson, Lufkin & Jenrette 277 Park Avenue, New York, NY 10172 NYSE symbol: DLJ www.dlj.com |
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