Deutsche Beteiligungs AG: Cartonplast Secures €230 Million Refinancing

Cartonplast, Europe's leading supplier of reusable plastic layer pads, has completed a €230 million infrastructure refinancing. Deutsche Beteiligungs AG (DBAG), advising through DBAG Fund VII, facilitated the transaction. The refinancing not only strengthens Cartonplast's financial maturity profile, but also significantly reduces borrowing costs. Institutional investors and banks contributed to this strategic move, enhancing Cartonplast's operational flexibility for future growth.

This development underscores the confidence placed in Cartonplast's resilient business model and long-term prospects. As Tom Alzin of DBAG noted, the transaction aligns with Cartonplast's market position and strategic vision. With a network of 21 service centres and over 57 million layer pads, Cartonplast is poised for further geographical expansion and diversification into reusable products linked to pallets and cans.

The refinancing highlights Cartonplast's pivotal role in the circular economy, driven by sustainability initiatives and regulatory requirements. CEO Serkan Koray emphasized the importance of this milestone in cementing Cartonplast's market leadership and customer relationships across Europe.