Barclays Private Equity, the mid-market buy-out house, sealed its third deal in one week with an equity stake in SP Metal, a French plastic packaging manufacturer.

Barclays Private Equity has bought a 25% to 30% equity stake in the company, which makes plastic household items, such as refuse sacks and food wrapping. The stake will be used as a cash injection to build the business organically and with bolt-on acquisitions.