Kingswood Capital Management, L.P., a private equity firm based in Los Angeles, has completed its carve-out acquisition of Coveris' Paper Unit from Coveris. The transaction was finalized on April 30, 2026.
| Acquirer | Kingswood Capital Management, L.P. |
|---|---|
| Target | Coveris' Paper Unit (GB) |
| Deal Value | Undisclosed |
| Type of Deal | Carve out |
| Date Closed | 2026-04-30 |
| Buy-Side Financial Advisors | Jefferies |
| Legal Buy-side Advisors | Kirkland & Ellis |
Deal Mechanics
The deal involved the acquisition of Coveris' Paper Unit, a division specializing in paper packaging solutions. The unit operates across Europe with significant presence in the UK and Czech Republic.
Strategic Rationale
Kingswood identified the potential for long-term growth by separating the business from its parent company and operating it as an independent entity under the new brand name Paranova Print and Packaging. The strategic rebranding reflects the company's evolution while honoring its legacy.
Financial Context
The acquisition aligns with Kingswood’s investment strategy, which focuses on opportunities within well-established companies that can benefit from dedicated operational support and capital investments to drive further growth.