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Antares Capital Provides $735MM Credit Facility in TricorBraun Acquisition

December 06, 2016, 07:43 AM
Filed Under: Packaging

Antares Capital announced it is serving as administrative agent and lead arranger on a $735 million senior secured credit facility to support the acquisition of TricorBraun Holdings, Inc. (TricorBraun) by AEA Investors LP (AEA).

TricorBraun helps bring their customers' new and existing products to market efficiently as one of the packaging industry's largest suppliers of plastic and glass containers, closures, dispensers and tubes from over 40 locations throughout North America and internationally, including London; Guangzhou, China; Hong Kong and Mumbai, India. TricorBraun's award-winning design and innovation center gives their customers forward-thinking service based on consumer insight, understanding of the markets and creative solutions. In addition, advisory services range from preliminary planning and manufacturing oversight to an array of innovative warehousing and logistics programs.

“We are pleased to have Antares lead the financing for our investment in TricorBraun,” said Thomas Pryma, partner with AEA Investors LP. “Given our longstanding relationship with Antares, their knowledge of TricorBraun and their capital markets expertise, we were confident the team could execute with speed and flexibility.”

“We are very pleased to continue our 20-year relationship with TricorBraun as they work with AEA to execute their growth strategy,” said Chet Zara, senior managing director for Antares. “Given TricorBraun’s successful track record, combined with the non-discretionary nature of their end products and the stable demand drivers within the packaging sector, we are excited to see what this new partnership brings to bear for the company.”

AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA's active individual investors (the "Participants") include an extraordinary network of more than 75 of the world's leading industrial families, business executives, and former government leaders. Today, AEA's approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich, and Shanghai. The firm manages funds that have approximately $10.0 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across four sectors: value-added industrial products, specialty chemicals, consumer/retail and services.

Antares Capital is a leading provider of financing solutions for middle-market, private equity-backed transactions with offices in Atlanta, Chicago, Los Angeles, New York, Norwalk (Connecticut) and Toronto. Antares has facilitated more than $120 billion in financing over the past five years. Antares was named 2015 Dealmakers of the Year and 2014 Lender of the Year by Mergers & Acquisitions.

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