Phoenix acquires UK pharma packaging company
Phoenix Equity Partners has acquired Jaycare, a UK-based supplier of rigid plastic packaging and devices to the pharmaceutical and consumer healthcare markets, from 3i in an institutional buy-out.
Phoenix Equity Partners has acquired Jaycare, a UK-based supplier of rigid plastic packaging and devices to the pharmaceutical and consumer healthcare markets, from 3i in an institutional buy-out.
As a part of the transaction, the Jaycare management team, led by Lyndon Wild, Nick Nolan and David Young, will be strengthened by the addition of Pat Barrett as chairman and Nigel Tipple as ceo. Both Barrett and Tipple have extensive experience in the packaging sector and in private equity backed business.
Jaycare was formed in the late 1970s from Johnson and Jorgensen Plastics and was an independent business until it was bought by Waddington in 1990.