M&A Deal Summary

Clearlake Capital Acquires Pretium Packaging

On January 15, 2020, private equity firm Clearlake Capital acquired packaging company Pretium Packaging from Genstar Capital

Acquisition Highlights
  • This is Clearlake Capital’s 1st transaction in the Packaging sector.
  • This is Clearlake Capital’s 55th transaction in the United States.
  • This is Clearlake Capital’s 2nd transaction in Missouri.

M&A Deal Summary
Date 2020-01-15
Target Pretium Packaging
Sector Packaging
Buyer(s) Clearlake Capital
Sellers(s) Genstar Capital
Deal Type Secondary Buyout
Advisor(s) Rothschild Global Advisory
Jefferies (Financial)

Target

Pretium Packaging

St. Louis, Missouri, United States
Pretium Packaging 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 was established in 1992 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 58 of 90
Sector (Packaging) 1 of 2
Type (Secondary Buyout) 21 of 39
State (Missouri) 2 of 2
Country (United States) 55 of 85
Year (2020) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Lytx

San Diego, California, United States

Lytx is a provider of all-in-one video telematics, analytics, safety, and productivity solutions for commercial, public sector, and field services fleets. Lytx customizable services and programs span driver safety, risk detection, fleet tracking, compliance, and fuel management. Lytx was founded in 1998 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 IXS

Lebanon, Tennessee, United States

IXS is composed of two divisions, Ground Effects, and IXS Coatings. Ground Effects is the market leader for OEM spray-on pickup truck bedliners, and the division provides additional margin-enhancing vehicle upfit services. IXS Coatings includes LINE-X, a franchisor of 500+ branded service locations and the industry’s largest aftermarket retailer of spray-on bedliners, as well as industrial coating solutions with deep expertise in the formulation of polyurea coatings and high-speed robotic applications that enable bedliner production at OEM scale. IXS is based in Lebanon, Tennessee.

Buy -

Seller(S) 1

SELLER

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 47 of 60
Sector (Packaging) 2 of 2
Type (Secondary Buyout) 17 of 23
State (Missouri) 1 of 1
Country (United States) 42 of 54
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Amerilife

Clearwater, Florida, United States

Amerilife engages in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. Amerilife was founded in 1971 and is based in Clearwater, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 ConnectiveRx

Whippany, New Jersey, United States

ConnectiveRx is a provider of outsourced commercialization services to over 140 drug manufacturers. The Company works as a strategic partner to pharmaceutical brand teams, offering solutions that improve patient affordability, access, and adherence to traditional and specialty prescription medications. ConnectiveRx was founded in 2005 and is based in Whippany, New Jersey.

Sell -
Mergr

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