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BC Partners Acquires 80% of Keter Plastic, Deal Expected to Close in Q4-2106


Israeli billionaire and philanthropist Sami Sagol, the chief executive and owner of Keter Group, is said to be nearing the sale of an 80% stake in Keter Plastic, one of the world’s leading manufacturers and marketers of resin-based household and garden consumer products. According to British sources, London-based private equity firm BC Partners is in exclusive talks to buy a majority stake in Keter Plastic in a deal that could value Keter at nearly $1.6 billion. Israeli media reported the value of the deal at $1.7 billion. BC Partners, founded in 1986 as Baring Capital Investors Ltd. was spun out of Barings following its collapse in 1995. BC has grown and evolved into a leader in buyouts, principally investing in larger businesses in Europe and North America through a network of offices in London, Paris, Hamburg and New York. BC Partners currently has over €12 billion in assets under management. Since inception, the firm has completed 91 acquisitions with a total enterprise value of nearly €100 billion. Born in Turkey, Sagol immigrated to Israel with his family at age 15 and built up the Keter Group, the company founded by his father Joseph, from a small local business into a global powerhouse. Both he and his company have garnered numerous awards, among them Israel’s “Industry Prize” and the French Legion of Honor Medal. In addition to his business activities, Sami Sagol and his wife Tova support numerous initiatives promoting higher education, science, coexistence and the bridging of social and economic gaps. Since Warren Buffett’s Berkshire Hathaway acquired Iscar Metals from Stef Wertheimer in 2006, Keter became Israel’s largest private company, Forbes says. With a focus on innovation driven by consumer insight, Keter provides a broad range of furniture, storage and organization solutions. The company reported annual sales of over $1 billion and over 1400 employees. The company was founded in 1948 and is headquartered in Herzliya, Israel. Keter Plastic is part of the Keter Group, a global enterprise that has been active for over 60 years. The Group operates 18 factories and two distribution centers in nine countries, and currently sells to over 100 countries around the world, maintaining sales offices in the majority of these markets. The Keter Group distributes to 25,000 retail outlets globally, including nearly all of the top 250 retailers worldwide – with many of these relationships dating back more than 25 years. Keter’s products have been internationally recognized with design awards such as the Red Dot Design Award (2010, 2011, 2013), ID Annual Design Review (2010) and DIY Product of the Year (2010). Photo: Sami and Tova Sagol and his wife Tova, founders and benefactors of the Sagol School of Neuroscience at Tel Aviv University, at 2012 TAU Brain Plasticity Symposium.]]>