Oak Hill Capital Partners has completed the previously announced acquisition of Berlin Packaging, a supplier of packaging products and services, from Investcorp. Oak Hill invested in partnership with Berlin Packaging’s current management team, led by Chairman and CEO Andrew Berlin, who retains a significant ownership position. Mr. Berlin and the current management team will continue to manage the business.
Berlin Packaging is a supplier of plastic, glass, metal containers and closures, and other services. The company – with 33,000 SKUs – supplies billions of containers and closures annually as well as warehousing and logistics services for customers of all sizes in all industries. Berlin Packaging’s services include structural and brand design, sourcing, warehousing and logistics, and capital financing. The company has 90 sales and warehouse locations across North America. Berlin Packaging was founded in 1898 as Riekes Container Company and is headquartered in Chicago (www.BerlinPackaging.com).
“We are delighted to have completed this acquisition. The investment in Berlin Packaging is representative of Oak Hill’s theme-based investment strategy and specifically aligns with one of our core themes targeting industry-leading, value-added strategic suppliers,” said Tyler Wolfram, Managing Partner at Oak Hill. “Berlin Packaging is a best-in-class business in a very attractive market with significant growth avenues.”
Oak Hill Capital Partners has $8 billion of committed capital and invests in the following six sectors: basic industries; business and financial services; consumer, retail & distribution; healthcare; media & telecom; and technology. The firm is located in Stamford, CT (www.oakhillcapital.com).
Deutsche Bank, Deutsche Bank Securities and Morgan Stanley Senior Funding have underwritten and arranged first and second lien financing in connection with the transaction. Barclays Capital and Deutsche Bank acted as financial advisors to Berlin Packaging and Morgan Stanley acted as exclusive financial advisor to Oak Hill.
2014 PEPD • Private Equity’s Leading News Magazine • 10-6-14
