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Stirling Square Capital Partners announces sale of Schoeller Arca Systems for €428m

July 2007

Stirling Square Capital Partners [“Stirling Square”], the pan-European private equity firm, today announces that it has signed an agreement to sell its controlling stake in Schoeller Arca Systems to One Equity Partners at an enterprise value of €428m. The founding family Schoeller and management will keep their respective stakes. The deal is the second exit for Stirling Square in the last two months following the $343m sale of Global Design Technologies in May.

Schoeller Arca Systems is the global market leader in rigid plastic packaging systems for materials handling. Headquartered in the Netherlands, the company manufactures a broad range of plastic materials-handling products including foldable large containers, intermediate bulk containers, large boxes, pallets, crates and trays for beverages, returnable plastic containers and UN certified pails.

In August 2003 Stirling Square acquired a controlling stake in Schoeller Wavin Systems for €143m from the Schoeller family, who had founded the original business. Schoeller Arca Systems was then created through the acquisition by Schoeller Wavin Systems of Swedish company Arca Systems in February 2005.

As a complex international investment, Schoeller Arca Systems is highly representative of Stirling Square’s strategy of targeting companies that offer potential for operational improvement, growth and profitability through international expansion and cross-border merger activity.

Under Stirling Square’s ownership, Schoeller Arca Systems has enjoyed strong and consistent sales growth and operating profit performance. During the past four years Stirling Square, the management team and the Schoeller family have worked together to invest in new production technology, reconfigure the manufacturing footprint, develop new products, penetrate new markets and divest non-core divisions, thereby transforming the company into a focused global leader.

As a result, revenues have increased from €165m in 2002 to €465m during the last twelve months ending May 2007 and the number of employees from 763 at the end of 2002 to 1,416 today. As a minority shareholder the founding Schoeller family has therefore participated in significant value creation and is rolling over its minority stake in a now much larger business.

Stefano Bonfiglio, who led the investment and exit on behalf of Stirling Square Capital Partners, said:

“During our ownership we have worked with a strong management team to create a genuine global leader. This is Stirling Square’s second exit in as many months and again showcases the type of deals for which we are building a reputation - a complex, cross border transaction, successfully integrating businesses to create an industry leader. We wish the Schoeller Arca team continued success under new ownership.”

Rene Wolfkamp, CEO of Schoeller Arca Systems, said:

“This is a terrific deal for the company and everybody involved. It marks the completion of a successful four years under Stirling Square’s ownership, during which the business has been significantly transformed for the better. Together with One Equity Partners and the Schoeller family, we are excited to be embarking on the next phase of industry consolidation”

Advisers to Stirling Square Capital Partners

Financial: JP Morgan
Legal: Clifford Chance

Notes to Editors:

For further information contact:

Financial Dynamics (for Stirling Square Capital Partners) – (+44) 20 7269 7256
Lucy Kelly

Schoeller Arca Systems – 00 31 529 459 052
Rene Wolfkamp

Stirling Square Capital Partners

Stirling Square Capital Partners is one of Europe’s leading mid-market private equity investors. SSCP seeks to invest in ‘mid-market’ firms characterised by proven business models, market leadership, high cross-border development potential and talented management teams.

SSCP targets European transactions between 50-500 million from a wide spectrum of industries and specialises in complex, cross border deals. Since inception in September 2002, the Fund has led ten leveraged acquisitions. The partners at SSCP collectively bring over 80 years of private equity experience.

Schoeller Arca Systems

Schoeller Arca Systems is the global market leader in plastic packaging solutions for materials handling, offering a broad range of products which improve its customers’ logistics and/or enhance their product branding. Combining a global presence with local partnerships in over 50 countries, it provides reliable, high quality plastic packaging systems and services to a diverse range of industries including beverages, automotive, agriculture, retail and postal services.