XML 32 R22.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Transactions with Related Parties
6 Months Ended
Jun. 30, 2024
Related Party Transactions [Abstract]  
Transactions with Related Parties Transactions with Related PartiesIn 2019, upon the closing of Ranpak’s business combination with One Madison Corporation, Ranpak entered into a shared services agreement (the “Shared Services Agreement”) with an entity controlled by our chief executive officer, One Madison Group LLC (the “Sponsor”), pursuant to which the Sponsor may provide, or cause to be provided, certain services to Ranpak. The Shared Services Agreement provides for a broad array of potential services, including administrative and “back office” or corporate-type services and requires Ranpak to indemnify the Sponsor in connection with the services provided by the Sponsor to Ranpak. Total fees under the agreement were not material for the second quarter of 2024 and 2023, and amounted to approximately $0.1 million and $0.2 million for the six months ended June 30, 2024 and 2023, respectively.