Clearwater International advises 3i Group on acquisition of a majority stake in GEKA
Clearwater International acted as sole financial adviser to 3i Group on its acquisition of a majority stake in GEKA, a leading manufacturer of brushes and comprehensive packaging systems for the cosmetics industry, from Halder.
GEKA, headquartered in Bechhofen, Germany, and founded in 1925, is a pioneer in the innovation of plastic injection moulding for mascara brushes and mascara packaging, as well as a development partner of market leading international cosmetics groups including Procter & Gamble, Avon and LVMH. The company runs production facilities in Bechhofen, Germany and in Elgin, Illinois, USA, with an additional sales office in France. The packaging manufacturer employs around 650 staff globally and generated revenues of approx. €100m in 2011.