KPS Capital to Acquire Majority Stake in MM Packaging at $2.7 Billion Valuation
KPS Capital Partners has agreed to acquire a majority stake in Mayr-Melnhof Karton's consumer-packaging business. MM Group will retain a 30% holding in MM Packaging.
By Fabiana Negrin OchoaPrivate-equity firm KPS Capital Partners has agreed to acquire a majority stake in Mayr-Melnhof Karton's consumer-packaging business in a deal valuing the business at about $2.7 billion.Vienna-listed MM Group will retain a 30% holding in MM Packaging, a manufacturer of foldin…