Funds advised by One Equity Partners (“OEP”) and the H. Turnauer Foundation have agreed to sell their 100 percent stakeholding in Constantia Flexibles to the Wendel Group . Wendel’s offer values the group at around € 2.3 billion (enterprise value). Constantia Flexibles is one of the world’s leading manufacturers of flexible packaging products and labels. OEP acquired the company in 2009, when it took over the majority of Constantia Packaging AG, and holds 75 percent of Constantia Flexibles. 25 percent belong to the H. Turnauer Foundation. “We are very happy with the way that Constantia Flexibles has developed over the last five years under the ownership of OEP. Thomas Unger and the management team, along with all the employees of Constantia Flexibles, have done an excellent job. On behalf of OEP, I would like to say thank you for the outstanding cooperation,” said Melchior von Peter, Managing Director at OEP. Constantia Flexibles supplies its products to numerous multinational co