Blue Cap AG Sells Stake in con-pearl with Valuation Surpassing Net Asset Value

Blue Cap AG announced the sale of its entire stake in con-pearl GmbH to Inteplast Group Corporation, a strategic investor based in New Jersey, USA. The transaction, set to finalize in Q3 2025, involves a purchase price in the high double-digit million range, exceeding more than 10% above the last net asset valuation.

The move is part of Blue Cap's strategy to maximize investment value through strategic exits. The firm registered a 60% annual internal return rate, marking 15x capital employed. During Blue Cap's ownership, con-pearl achieved substantial earnings growth, largely through strategic focusing and market expansion, particularly in the US logistics sector.

The forecast for Blue Cap's 2025 fiscal year is altered, considering con-pearl's sale. Expected revenue is now between EUR 120-140 million, and the EBITDA margin estimated at 5.0-6.0%, reflecting the loss of significant revenue from con-pearl.