We are excited to announce our fifth Five V Fund IV investment and partnership with BioPak, the global leader in branded compostable food-service packaging. Five V will be partnering with BioPak founder Gary Smith and existing shareholders Duni Group.
BioPak was established in Sydney in 2006 and distributes environmentally sustainable products including takeaway containers, cups, cutlery, napkins and other products across Australia and into New Zealand, Singapore and the United Kingdom. Five V’s investment will support the business during its next phase of organic and acquisitive growth.
We are excited to be partnering with Gary Smith and the broader BioPak and Duni teams to support the business’ growth.
“I am very pleased having Five V on board as a local partner. We will together accelerate BioPak Group’s growth in Asia Pacific and beyond. The partnership will also strengthen Duni Group’s strategic focus on profitable growth and development”, says Robert Dackeskog, CEO Duni Group
Gary Smith, founder and CEO of BioPak said: “With local roots in the Australian market, I believe Five V will become an excellent partner to expand our sustainable vision in both existing and new markets”
Tim Cooper from Five V said: “BioPak aligns with Five V’s focus on partnering with great purpose driven businesses and teams to build sustainable, long-term value. We are privileged to be able to support a global category leader in sustainable packaging, and we are excited to be partnering with Gary and the broader BioPak and Duni team to grow the BioPak business globally”