Pact Group lists on ASX

17 January 2013

Under its offer, Pact raised approximately $649 million based on a share price of $3.80 per share. The offer was priced at a FY14 EV/EBITDA multiple of 8.5x and a FY14 P/E multiple of 13.4x, implying an enterprise value of $1,720.6 million and an equity value of $1,117.6 million.

The IPO of Pact represented:

  • The largest IPO in the Australian market in 2013
  • The second largest packaging IPO ever completed globally

Pact Chairman, Raphael Geminder, said: “Pact is pleased with the support we’ve received from investors and the market, making this the largest IPO of the year. http://www.dailyhealthymale.com/ Management is energised about transitioning the company from a private company to a publicly listed company and we are 100% focused on delivering our half year numbers to the market next year.”

Pact Chief Executive, Brian Cridland, said: “Our growth strategy is focused on delivering tailored packaging solutions to our clients to help them differentiate their brands and win on shelf. We will continue to invest in innovation and technology that complements our customers’ products and improves consumer experiences in everyday life. We will also pursue further efficiencies, operational improvements and disciplined acquisitions where they make sense and deliver returns for our shareholders.”

Holding statements are expected to be dispatched by 5:00pm Wednesday, 18 December 2013 with normal trading expected to commence on Thursday, 19 December 2013.

Credit Suisse (Australia) Limited and Macquarie Capital (Australia) Limited acted as joint lead managers, joint bookrunners and underwriters to the offer, while Herbert Smith Freehills acted as Pact’s legal adviser.

Related News

All news
Pact Retail Accessories joins Loss Prevention Foundation

08 Feb 2023 | News

Read More
Pact’s billion bottle recycling project wins award in National Recycling Week

08 Feb 2023 | Awards

Read More
Ten out of ten: A decade recognised as one of Australasia’s Most Innovative Companies

08 Feb 2023 | Press Release

Read More
Pact Group’s Sustainability-Linked Loan a first for Australian Manufacturers

08 Feb 2023 | Press Release

Read More
Pact Group Sets Target to Reduce Greenhouse Gas Emissions by 50%

08 Feb 2023 | Media Statement

Read More
Woolworths Group and Pact plan new strategic partnership to boost recycled packaging

08 Feb 2023 | Press Release

Read More
View all