Pacific Avenue Acquires ESE World in European Deal

Pacific Avenue Capital Partners has successfully acquired ESE World, a prominent European manufacturer of waste and recycling container systems, from global packaging giant Amcor. This strategic carve-out marks a significant step for Pacific Avenue's European growth ambitions, bolstering its presence on the continent with a well-established industrial player.

ESE World, generating approximately €300 million in annual revenue, operates three manufacturing sites across Germany and France. The company specializes in a comprehensive range of products, including mobile waste containers, collection banks, and solutions for hazardous materials, serving both municipal and commercial clients worldwide. This acquisition positions ESE World to operate as a standalone entity, enabling focused strategic initiatives and operational enhancements.

The transaction represents the third European deal for Pacific Avenue Capital Partners and the inaugural acquisition from its dedicated European sidecar fund, alongside its Fund II. This move underscores the firm's expertise in executing complex corporate divestitures and its commitment to building a robust European portfolio. The deal was supported by debt financing from General Atlantic.

Chris Sznewajs, Founder and Managing Partner at Pacific Avenue, expressed enthusiasm for the integration of ESE World. He highlighted the company's strong market standing, innovative capabilities, and defensible market position. Sznewajs emphasized Pacific Avenue's collaborative approach with management to unlock further value through operational improvements, geographic expansion, and potential add-on acquisitions, signaling a proactive growth strategy.

The waste management and recycling sector is experiencing sustained growth, driven by increasing environmental regulations, corporate sustainability mandates, and a global push towards circular economy principles. ESE World's established infrastructure and product portfolio are well-aligned with these macro trends, offering significant potential for value creation and market penetration. The company's operations in Germany and France place it at the heart of key European industrial markets.

Advisors for Pacific Avenue Capital Partners included Willkie Farr & Gallagher for M&A legal counsel, McDermott Will & Emery for financing legal advice, Natixis Partners for debt advisory, PwC for commercial, legal, tax, HR, and structuring services, and Accuracy for financial advisory. Amcor was represented by Greenhill, a Mizuho affiliate, and Latham & Watkins.

With over $3.9 billion in Assets Under Management as of March 31, 2026, Pacific Avenue Capital Partners brings substantial experience in complex transactions, particularly corporate carve-outs. The firm's track record of over 120 closed transactions, including more than 50 divestitures, provides a strong foundation for driving strategic change and maximizing the potential of its portfolio companies like ESE World.