Business News

Actis Sells Inpac International to Stora Enso

Thursday 28. October 2010 - Actis, a leading private equity investor in the emerging markets, announced today that it has signed an agreement to sell its 30% interest in Inpac International (Inpac), a premier printed paper packaging manufacturer in China (PPP), to Stora Enso, a global paper, packaging and wood products company.

Inpac services the demand from multi-national companies to outsource
packaging to local companies and is a one-stop service provider to its
customers.
Actis began its relationship with Inpac in 2007 with an investment of
US$17.71m of growth capital, which helped the company strengthen its
operations and increase sales despite the global recession of 2008/9. Stora
Enso had known Inpac and Mr. Guo, the founder, for years. After watching the
company sustain itself and emerge much stronger from the worst economic
recession in 30 years, Stora Enso decided to acquire the company as part of
its China growth strategy.
Commenting on the transaction, Mr. Meng Ann Lim, Actis Partner and
Regional Head – China and SE Asia, said “Inpac’s sales have doubled since we
invested in 2007; Mr.Guo’s entrepreneurial drive and business acumen
contributed to this growth. Actis has been privileged to fund Inpac’s growth
and help Inpac upgrade its operations and governance. We are gratified that
our efforts to work with management and other shareholders have resulted in a
strong company well recognized by Stora Enso.”
“Actis’s investment came at a critical juncture of Inpac’s development
and facilitated the company’s growth during the financial crisis”, said
Mr.Guo.
Stora Enso is a global paper, packaging and wood products company
producing newsprint and book paper, magazine paper, fine paper, consumer
board, industrial packaging and wood products.
The Group has some 27,000 employees and 88 production facilities in more
than 35 countries worldwide, and is a publicly traded company listed in
Nasdaq OMX in Helsinki and Stockholm.