Deal Details
Petainer Receives €100 Million Debt and Equity Investment from KKR Credit
Summary
Petainer UK Holdings (“Petainer” or the “Company”), a portfolio company of Next Wave Partners, recently completed a transaction with KKR Credit regarding a €100 million debt and equity investment in the Company, valuing Petainer at more than €140 million.
Baird served as the exclusive financial advisor to Petainer on this transaction.
About
Petainer is a global provider of high performance packaging solutions to a diverse range of consumer markets such as beer, wine, cider, carbonated soft drinks, water, food, personal care and household. The Company has specialist expertise in high stretch polymer engineering that it applies across much of its product portfolio to create differentiated and market disruptive packaging. Petainer offers packaging solutions to global brands that provide them with advantages in terms of new market opportunities, supply chain improvements as well as reductions in total costs and improvements in sustainability. Petainer is a United Kingdom-based company which has production plants in Sweden and the Czech Republic, blowing facilities in North America, Russia, India and Australia, as well as sales offices in Sweden, the Czech Republic, Germany, the United States and United Kingdom. Petainer is headquartered in London, the United Kingdom.Next Wave Partners is a growth capital private equity investor who backs fast growing business services and consumer companies in the United Kingdom. The firm manages more than €250 million of assets and has eight investment professionals in its London office. Next Wave Partners is headquartered in London, the United Kingdom.
KKR Credit is a leading asset manager with approximately $33.8 billion of assets under management as of 31 December 2015 covering senior debt, mezzanine, PIK, high yield and other securities. Established in 2004 as the credit investing arm of KKR, KKR Credit has offices in San Francisco, New York, London, Sydney, Singapore, Mumbai, Hong Kong and Dublin, supported by a dedicated staff of over 85 investment professionals.
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- Date
- May 2016
- Company
- Petainer UK Holdings
- Transaction
- Private Capital Markets
- Sectors
- Industrial
- Verticals
-
Packaging & Containers
- Target Geography
- Europe
- Acquiror Geography
- North America
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