One51’s acquisition of Canadian plastics company IPL

A year before signing a €202 million deal for Canadian plastics manufacturer IPL, Alan Walsh didn’t think he’d be doing landmark deals any time soon.

The One51 chief executive was working on getting an equity raise away, having drawn a line under a long and fraught debt re-profiling. Acquisitions were on the horizon, but something of the scale of the IPL deal wasn’t being considered – until an email dropped into his lap ...