Canadian asset manager Brookfield is reported to be among parties to have submitted second-round bids
Canadian asset manager Brookfield is reported by deals publication Debtwire to be among parties to have submitted second-round bids for the business, which has been run by chief executive Alan Walsh for the past 13 years.
Canadian asset manager Brookfield is reported by deals publication Debtwire to be among parties to have submitted second-round bids for the business, which has been run by chief executive Alan Walsh for the past 13 years. Mr Walsh has spent his first six years at the helm unravelling the group’s collection of disparate investments, including a major stake in ferries operator Irish Continental Group, to turn it into a focused rigid plastics company.The sale to Madison Dearborn in 2020 saw legacy Irish investors from One51′s early days, including farmers, dairy co-operatives and high-net-worth individuals, exit.
IPL Plastics is reported to be currently generating about $160 million of annual earnings before interest, tax, depreciation and amortisation. That is up from $91.5 million in 2019, its last year as a public company.
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