Arc International announces agreement for investment plan

  Company financial news

Arc International shareholders and creditors have signed an agreement with an investor group to provide new capital and support the company’s turnaround. The new capital will help finance the restructuring of the Group and the modernization of the main production site.

Investmentplan
Arc International has announced that shareholders and creditors have signed an agreement with an investor group
Arc International, the world’s largest producer of glass tableware, has announced that shareholders and creditors have signed an agreement with an investor group led by Peaked Hill Partners LLC (“PHP”) to provide EUR 60 million in new capital and support the company’s turnaround.
The injection of new capital will help finance the restructuring of the Group and the modernization of the main production site at Arques, Nord-Pas-de-Calais, while supporting growth.
The Ibled-Durand family, which controlled the company for more than 100 years, will invest EUR 2 million to retain approximately 20% of the company, illustrating their commitment and faith in its future. “This is a major step forward for Arc International, its customers, and its employees,” said Xavier Ibled, a member of the Ibled-Durand family, “Bringing in external capital will enable Arc to renew its historical commitment to design and technical leadership for clients we serve and others. It will secure a good future for all our company’s stakeholders and the communities where we do business.”
The deal was led by PHP, an American investment structure founded by Tim Gollin, previously a Partner in JPMorgan Chase’s private equity unit One Equity Partners, together with Cédric Aymard and Didier Riebel in France, two specialists in business transformation.
The bidding agreement provides for PHP and its investors to repurchase substantially all existing bank debt, significantly reducing Arc’s financial co...



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