Investment Summary

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

On May 1, 2014, private equity firm Genstar Capital invested in packaging company Pretium Packaging from Goense Capital Partners, Nicolet Capital Partners and Castle Harlan

Investment Highlights
  • This is Genstar Capital’s 2nd transaction in the Packaging sector.
  • This is Genstar Capital’s 39th transaction in the United States.
  • This is Genstar Capital’s 1st transaction in Missouri.
Investment Fate
  • Pretium Packaging was sold to a consortium of financial buyers in 2020.

Investment Summary

Date 2014-05-01
Target Pretium Packaging
Sector Packaging
Investor(s) Genstar Capital
Sellers(s) Goense Capital Partners
Nicolet Capital Partners
Castle Harlan
Deal Type Secondary Buyout
Advisor(s) Citi (Financial)
Schulte Roth & Zabel (Legal)

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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Investor(S) 1

Investor

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 50.0B 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 44 of 112
Sector: Packaging M&A 2 of 4
Type: Secondary Buyout M&A Deals 13 of 52
State: Missouri M&A 1 of 2
Country: United States M&A 39 of 104
Year: 2014 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-18 TravelClick

New York, New York, United States

TravelClick is a provider of data, technology and media solutions to the global hospitality industry. TravelClick’s suite of products drive demand and increase profitability for leading independent and chain hotels worldwide. The Company offers a full set of solutions including reservations and distribution management, market intelligence-based decision support, and marketing services.

Sell $930M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-14 C1

Bloomington, Minnesota, United States

C1 is a provider of business communications solutions. The Company serves as a critical link between OEMs and end users providing essential consulting and project management services related to custom design, installation, implementation and maintenance of communication solutions. C1 was formed in 1993 and is headquartered in Bloomington, Minnesota.

Sell -

Seller(S) 3

SELLER

Goense Capital Partners

Chicago, Illinois, United States

Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 225M USD
Size Small
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 4 of 10
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 6
State: Missouri M&A 1 of 1
Country: United States M&A 4 of 10
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Venturi Restoration

Schaumburg, Illinois, United States

Venturi Restoration is a property reconstruction and renovation industries serving thousands of residential, commercial and multi-family customers from United States. Venturi Restoration was founded in1997 and is based in Schaumburg, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Kirby Lester

Lake Forest, Illinois, United States

Kirby Lester LLC is a pharmacy automation systems provider that offers a full suite of automated dispensing systems, including automatic tablet counters and robotic drug dispensing systems, to pharmacies in the U.S. and internationally.

Sell -
SELLER

Nicolet Capital Partners

Evanston, Illinois, United States

Category Private Equity Firm
Founded 2005
Size Middle-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 7
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
State: Missouri M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-30 Transcendia

Franklin Park, Illinois, United States

Transcendia is a converter and distributor of synthetic films in North America. It provides specialized manufacturing and converting services including liquid and extrusion coating, select sheet extrusion, and a wide-range of precision converting including slitting, sheeting, magnetic striping, security and specialty printing. Transcendia is based in Franklin Park, Illinois.

Sell -
SELLER

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
Size Mega
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 32 of 38
Sector: Packaging M&A 2 of 2
Type: Secondary Buyout M&A Deals 10 of 10
State: Missouri M&A 2 of 2
Country: United States M&A 25 of 30
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-25 Gold Star Foods

Ontario, California, United States

Gold Star Foods is a niche foodservice distributor specializing in the sale and distribution of a wide array of food and non-food products to public school districts serving students ages K-12 in California and Arizona. Gold Star Foods was formed in 1966 and is based in Ontario, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-10 Tensar

Alpharetta, Georgia, United States

Tensar is a global provider of innovative subgrade soil reinforcement solutions, selling into more than 80 national markets through its two major product lines: Tensar geogrids and Geopier foundation systems. Geogrids are polymer-based products used for ground stabilization, soil reinforcement, and asphalt optimization in construction applications including roadways, public infrastructure, and industrial facilities. Tensar originated geogrid technology, which reduces aggregate consumption, thereby decreasing construction time, expense, and the project owner's cost of lifetime maintenance. The company also has a large portfolio of proprietary products. Tensar was formed in 1983 and is based in Alpharetta, Georgia.

Buy $400M