HCapital II


Honeycomb paper and packaging solutions manufacturer

Lival is a specialized company in packaging solutions, being the Iberian leader in the production of honeycomb paper, which currently represents its core activity. Lival incorporates this resistant and sustainable product in packaging kits that are sold as a complete packaging solution. Honeycomb is also used as a component for other industrial solutions, like pallets and furniture structures.

Investment rationale

Seize the increasing demand for more eco-friendly packaging solutions (honeycomb) by financing the company’s expansion plan to duplicate its industrial capacity.

Transaction Details

Date of investment / divestment
May 2023 /
Type of Operation


HCapital II