M&A Deal Summary

Goense Capital Partners, Nicolet Capital Partners and Castle Harlan Acquires Pretium Packaging

On February 16, 2010, private equity firms Goense Capital Partners, Nicolet Capital Partners LLC and Castle Harlan acquired packaging company Pretium Packaging, Inc. for 200M USD

Acquisition Highlights
  • This is Goense Capital Partners’ 1st, Nicolet Capital Partners’ 1st and Castle Harlan’s 1st transaction in the Packaging sector.
  • This is Goense Capital Partners’ 1st, Nicolet Capital Partners’ 1st and Castle Harlan’s 12th largest (disclosed) transaction.
  • This is Goense Capital Partners’ 8th, Nicolet Capital Partners’ 7th and Castle Harlan’s 30th transaction in the United States.
  • This is Goense Capital Partners’ 1st, Nicolet Capital Partners’ 1st and Castle Harlan’s 2nd transaction in Missouri.
Investment Fate
  • Pretium Packaging was sold to a financial buyer in 2014.
  • Pretium Packaging was sold to a financial buyer in 2020.

M&A Deal Summary

Date 2010-02-16
Target Pretium Packaging, Inc.
Sector Packaging
Buyer(s) Goense Capital Partners
Nicolet Capital Partners LLC
Castle Harlan
Deal Type Recapitalization
Deal Value 200M USD

Target

Pretium Packaging, Inc.

Chesterfield, Missouri, United States
website
Pretium Packaging, Inc. is a provider of custom, high-performance rigid plastic bottles, and containers, serving a diverse base of customers in the food and specialty beverage, healthcare, sports nutrition, personal care, beauty, and household products end markets. Pretium Packaging, Inc. was established in 1992 and is based in Chesterfield, Missouri.

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Buyer(S) 3

Buyer

Goense Capital Partners

Chicago, Illinois, United States

Investor Investor

website


Category Private Equity Firm
Founded 2008
PE ASSETS 225M USD
SizeSmall
Type Sector Agnostic
DESCRIPTION

Goense Capital Partners is a private equity firm focused on making control investments alongside management teams in small to mid-sized business service companies. Goense looks for North American businesses with predictable cash-flow ($2 million+ of EBITDA), identifiable growth opportunities, and market segment leadership. Target transaction situations include consolidations, family successions, shareholder liquidity needs, LBOs, MBOs, and growth capital financings. The Firm prefers to be the lead investor and has a target investment size of $1 to $30 million. Goense was formed in 2008 after becoming independent from Goense Bounds & Partners. The Firm is and is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 11
Sector (Packaging) 1 of 1
Type (Recapitalization) 2 of 2
State (Missouri) 1 of 1
Country (United States) 8 of 11
Year (2010) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-28 Bayview Asset Management LLC

Coral Gables, Florida, United States

Bayview Asset Management LLC is specialized in under-served areas of the real estate markets. Bayview provides a range of products and services, including residential and commercial special servicing and managing investment funds focused on residential and commercial assets. Bayview Asset Management was founded in 1993 and is based in Coral Gables, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 Latite Roofing and Sheet Metal Co., Inc.

Pompano Beach, Florida, United States

Latite is a roof installation service provider in Florida and one of the major roofing installation companies in the United States. Latite offers new roof installations and re-roofing (replacement roofs) for both residential and commercial buildings.

Buy -
Buyer

Nicolet Capital Partners LLC

Evanston, Illinois, United States

website


Category Private Equity Firm
Founded 2005
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Nicolet Capital Partners LLC is a private equity firm that invests in established companies headquartered in the US. Nicolet focuses on companies with distinct and sustainable market positions, revenues between $30 - $300 and EBITDA greater than $7 million. The Firm provides both debt and equity capital. Nicolet will consider minority and majority positions and looks to invest $15 to $50 million per transaction. Specific areas of interest include manufacturing, distribution, business services and consumer products. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, and recapitalizations. Nicolet Capital Partners LLC is formed 2005 and is based in Evanston, Illinois.


DEAL STATS #
Overall 7 of 9
Sector (Packaging) 1 of 3
Type (Recapitalization) 1 of 1
State (Missouri) 1 of 1
Country (United States) 7 of 9
Year (2010) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-21 Quest Films, Inc.

Franklin Park, Illinois, United States

Quest Films, Inc. is a manufacturer, converter, and distributor of thermal laminating films. Quest Films is based in Franklin Park, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-24 Ohio Community Media LLC

Tipp City, Ohio, United States

Ohio Community Media LLC is a community newspaper business that operates numerous paid daily and weekly papers.

Sell -
Buyer

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 38 of 46
Sector (Packaging) 1 of 1
Type (Recapitalization) 1 of 1
State (Missouri) 2 of 2
Country (United States) 30 of 37
Year (2010) 1 of 2
Size (of disclosed) 12 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-13 United Malt Holdings Ltd.

Australia

United Malt Holdings ("UMH"), one of the world's largest producers of malt for use in the brewing and distilling industries. The businesses were acquired from Conagra Foods Inc of the United States and Tiger Brands of South Africa. The remaining 40 percent of Bairds Malt was acquired in 2007.

Sell AU$757M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-21 IDQ Operating, Inc.

Garland, Texas, United States

IDQ Operating, Inc. is a manufacturer of automotive A/C products for the “do-it-yourselfer” and professional service technician. IDQ offers a broad product line that includes value-added R-134a refrigerants to A/C tools and accessories, from one-step recharging and stop leak products to leak detection and lubricants.

Buy $160M