Investment Summary

Exits Bway

On June 13, 2007, invested in packaging company Bway from Kelso & Company

Investment Highlights
  • This is transaction in the Packaging sector.
  • This is transaction in the United States.
  • This is transaction in Georgia.
Investment Fate
  • Bway was sold to a financial buyer in 2010 for 915M USD.
  • Bway was sold to a consortium of financial buyers in 2012 for 1.2B USD.
  • Bway was sold to a strategic buyer in 2016 for 2.4B USD.

Investment Summary

Date 2007-06-13
Target Bway
Sector Packaging
Sellers(s) Kelso & Company
Deal Type IPO

Target

Bway

Atlanta, Georgia, United States
website
Bway Corp. is a manufacturer and distributor of metal and rigid plastic containers that are used primarily for packaging of industrial and consumer products.

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Seller(S) 1

SELLER

Kelso & Company

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1971
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 8 of 47
Sector (Packaging) 1 of 1
Type (IPO) 2 of 7
State (Georgia) 1 of 4
Country (United States) 8 of 40
Year (2007) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 iGPS

Orlando, Florida, United States

iGPS operates the world’s first pallet rental service providing shippers and receivers with lightweight, 100 percent recyclable all-plastic pallets with embedded RFID tags. Its highly engineered platform—the world’s most advanced shipping pallet—is rapidly replacing wood as the platform of choice among the world’s most innovative companies. Businesses that switch from wood pallets to iGPS realize game-changing savings—as much as $2 per unitized load—thanks to lower transport costs, reduced production downtime, reduced product damage and fewer rejected loads. iGPS was founded in 2006 and is based in Orlando, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-24 Buckeye Partners

Houston, Texas, United States

Buckeye Partners L.P. owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. Buckeye Partners is one of the largest independent liquid petroleum products pipeline operators in the United States in terms of volumes delivered, with approximately 6,000 miles of pipeline. Buckeye also uses its expertise to operate and/or maintain third party pipelines and perform certain engineering and construction services for our customers. Buckeye Partners was originally established in 1886 and is based in Houston, Texas.

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