Private equity house Endless makes six figure investment in packaging firm

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Leeds-based private equity house Endless has invested in a flexible packaging business, through its SME fund Enact.

Enact has invested in Excelsior Technologies alongside existing investor Growth Capital Partners.

Excelsior, which has a turnover of £33m, is a flexible packaging business known for high quality gravure print focused on the food, confectionery and medical sectors.

The company employs 240 people across its two sites in North Wales and Lancashire.

Joining the Excelsior board is Chris Cormack, who manages the Enact fund on behalf of Endless.

Enact is also in advanced discussions to appoint an executive chairman to the firm.

Mr Cormack said: “We are pleased to have the opportunity to make this investment in a high quality packaging company with an excellent product and customer base. Excelsior needs additional funding to allow it to grow its business, and our understanding of the packaging sector will enable Endless to contribute to strategy as well as to provide funding.”

The investment is to enable Excelsior to continue to grow both in Europe and the United States. The exact figure of the investment hasn’t been disclosed but it is said to be a six figure sum. This represents Enact’s third deal following the launch of the fund in 2014