BA Capital Partners sells Alfatherm

BA Capital Partners Europe has sold its interest in Alfatherm, a European calendared PVC film manufacturer, which sells to the food, pharmaceutical packaging, furniture and stationery industries, to PM & Partners in a secondary buyout transaction.

BA Capital Partners Europe (Bank of America’s European private equity fund) bought the business in October 2002 when it had the previous year posted sales of E100m and 560 employees. Terms of the original buyout, however, were not disclosed. In 2003 sales were E110m and employees numbered 550. No entry or exit price was disclosed by BA Capital Partners Europe.

PM & Partners has invested alongside the Emerald fund, which is now some 50% invested.