Australian tycoon Raphael Geminderis considering selling the Asian operations of his packaging companies, according to people with knowledge of the matter.
Dynapack Asia and Pact Group Holdings Ltd.are working with a financial adviser and have reached out to potential investors, including private equity firms and other packaging firms, the people said, asking not to be identified because the deliberations are private. A deal could value their combined Asia operations at about $1 billion, the people said.
Geminder, the brother-in-law of Australia’s fourth-wealthiest person Anthony Pratt, owns 50% of Dynapack Asia. The owners of the other half of the ...
