Deals

Rhone Capital's Ranpak Is Working With Goldman on Sale

  • Packaging Company could fetch up to $1.5 billion in a sale
  • Private equity firm bought business from Odyssey in 2014

Goldman Sachs Group Inc. headquarters in New York.

Photographer: Christopher Lee/Bloomberg
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Rhone Capital LLC is considering a sale of paper-packaging company Ranpak Inc., according to people familiar with the matter.

The company, which could fetch up to $1.5 billion, has about $100 million in annual earnings before interest, taxes, depreciation and amortization, said one of the people, who asked to not be identified because the matter isn’t public.