Press Release
November 12, 2026

Goodwin Advises EOS Corrugated’s Sellers on Their Entry into Exclusive Negotiations with Five Arrows

Goodwin Paris Private Equity is advising the sellers of EOS Corrugated, including Sagard / Orso Partners and the management team, in connection with their entry into exclusive negotiations with Five Arrows, which would become the company’s majority shareholder.

The transaction is expected to enable EOS Corrugated to accelerate its development, notably by continuing its international buy-and-build strategy, expanding into growing markets, and broadening its offering into adjacent technical consumables.

Founded in 2009, EOS Corrugated is a French group specializing in mission-critical technical consumables for the corrugated cardboard industry. Operating in more than 130 countries, the Group comprises several specialized and complementary brands covering the key stages of cardboard manufacturing, cutting and printing, and employs 465 people.

Founded in 2009, Five Arrows is Rothschild & Co’s alternative assets arm. With more than €34 billion in assets under management, it manages funds dedicated to private equity, secondary investments and debt strategies.

The Goodwin team was led by Thomas Maitrejean, Simon Servan-Schreiber, Thomas Dupont-Sentilles, William Ducrocq Ferre, Laura Robez-Masson, Paul Hayes and Eléa Poirée on corporate matters, as well as Marie-Laure Bruneel on tax matters.