Jamieson has advised the management team of Keter Group on the acquisition of a majority stake in the Group by funds advised by BC Partners and the Public Sector Pension Investment Board, one of Canada’s largest pension investment managers, in a deal which values the Group at €1.38 billion. Keter Group’s founders, the Sagol family, have retained a minority stake.
Headquartered in Israel, Keter Group is one of the world’s leading manufacturers and marketers of quality resin-based household and garden consumer products. Keter designs, engineers, produces and distributes a wide range of consumer goods worldwide across multiple categories (including indoor and outdoor furniture, home accessories and hardware products). These are sold globally through a distribution network of over 25,000 retail outlets. The Group operates 18 factories across nine countries, with over 4,000 employees around the world.
The Jamieson team of Ian Jamieson, Andrew Cox and Stephen Maxwell advised the management team prior to completion of the acquisition on 31 October 2016 and in connection with the management incentive arrangements following completion.