Asteria Labels & Packaging Group, backed by Waterland, acquires Ero-Etikett GmbH

Stuttgart, Germany / Gullem, Belgium  – Corporate Finance International (‘CFI’) is delighted to announce it acted as the exclusive corporate finance advisor to the Asteria Labels & Packaging Group (‘Asteria’), a portfolio company of Waterland Private Equity (‘Waterland’) in its acquisition of Ero-Etikett GmbH (‘Ero-Etikett’).

Ero-Etikett, located in the Stuttgart region, is a family owned printing company specialised in self-adhesive labels. The company is owned by the second generation, has a diversified client base in end-markets like automotive, food, logistics and pharma and operates with ca 60 employees. Due to limited possibilities to continue the ownership of the company within the family, Ero-Etikett welcomed the interest of Asteria and started discussion on a potential partnership. The company showed great resilience to the COVID-19 pandemic and the discussions on a partnership resulted in a successful transaction with Asteria on 20 January 2021.

Asteria is an international group active in the production of a wide range of printed packaging materials such as labels, flexible packaging and boxes. Backed by Waterland, Ives Declerck, founder of Accent Etiketten, created in less than three years a group of 10 specialised packaging companies active in Belgium, France, Denmark and the Netherlands.

CFI acted as exclusive corporate finance advisor to Asteria at the entry into the German market by identifying potential acquisition targets and which resulted eventually in the acquisition of Ero-Etikett. CFI assisted in approaching the shareholders, entering into exclusive discussions and ultimately negotiating a deal structure suitable for both parties.

Asteria’s majority owner is the Western European private equity firm Waterland, with around 80 investment professionals and having completed investments in more than 650 companies.

With our passion for deals, CFI is a trusted corporate finance lead advisor to the middle-market providing best-in-class advice and seamless execution on M&A transactions for our clients worldwide. Since inception in 2006, we continue to build long-term relationships and partner with entrepreneurs, private equity investors and management teams planning to sell their businesses, raise capital, restructure, or grow through acquisitions.