Madison Dearborn Partners has agreed to buy Multi Packaging Solutions, a supplier of print-based specialty packaging, from Irving Place Capital.
Multi Packaging Solutions (MPS) is a manufacturer of print-based specialty packaging for the healthcare, consumer, and media end markets. MPS has 16 manufacturing locations with approximately 2,600 employees in the United States and Europe. The company is headquartered in New York (www.multipkg.com).
“In 2005 we backed entrepreneur Marc Shore with the shared vision of creating a packaging company that didn’t exist in the marketplace,” said Phil Carpenter, a Senior Managing Director at Irving Place Capital. “Over the past eight years, Marc and the MPS management team have seized that opportunity – completing seven add-on acquisitions, entering new end markets, and investing aggressively to establish a global business to reach new customers. We have enjoyed supporting the team in building MPS and extend our best wishes for their continued success.”
Irving Place Capital invests in buyouts, recapitalizations and growth capital opportunities. The firm focuses on making control or entrepreneur-driven investments. Since its formation in 1997, Irving Place Capital has been an investor in 60 companies and manages over $4 billion, including its current $2.7 billion institutional fund. The firm is based in New York (www.irvingplacecapital.com).
Madison Dearborn Partners has more than $18 billion of capital under management and makes new investments through its most recent funds, Madison Dearborn Capital Partners V and Madison Dearborn Capital Partners VI. Sectors of interest include basic industries, where packaging is a core focus area; business and government services; consumer; health care; financial and transaction services; and telecom, media and technology services. Madison Dearborn Partners was founded in 1992 and is based in Chicago (www.mdcp.com).
“Marc Shore and his team have created a unique company with an unmatched global platform and significant potential for future growth. We believe our experience in supporting packaging businesses will be a real asset to the company as it enters into its next growth phase. We are excited to support the senior team and the company’s employees to build on their track record of success and to help the company reach new heights in its capabilities to service global customers,” said Tom Souleles, a Managing Director at Madison Dearborn Partners.
Multi Packaging Solutions was advised on the transaction by Bank of America Merrill Lynch and Barclays. Madison Dearborn Partners was advised by Moelis & Company.
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-8-13
