Pinsent Masons advises Equistone on the sale of Paragon

Paragon is a leading manufacturer of responsible packaging for the retail food and non-food industry. The company provides a range of packaging solutions including printed labels, sleeves, cartons, film solutions and lined boards to a number of the UK’s major food retailers. Paragon operates ten manufacturing facilities in the UK and employs more than 1,200 staff.

The Pinsent Masons team was led by corporate partner Joanne Ellis with assistance from Paul Harkin, Alex Burton, Phoebe Matthews, Richard Allen (corporate), Oliver Morgan (banking), Jo Alderson (IP) Jon Coley (employment), Kate Featherstone (tax), Lisa Middleton, Michael Norris and Ian Stewart (property) and Gavin Paul (pensions).

Commenting on the deal Joanne Ellis said: "Pinsent Masons' 11 year relationship with Paragon began with its first private equity investment by Barclays Private Equity (now Equistone) in 2001 and continued in 2005 when Equistone partially realised its investment in and re-invested funds in 2007 to support the continued development of the company.  It has been a pleasure to remain involved with the management team throughout this time and we were delighted to help the shareholders realise their investment and to take the business into the next phase of its development."