Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Berry Plastics Group, Inc.
Initial Public Offering
Baird served as a joint bookrunner in this offering
Berry Plastics Group, Inc. (NYSE: BERY) (“Berry” or the “Company”), a portfolio company of Apollo Global Management and Graham Partners, recently completed an initial public offering of 29,411,764 shares of its common stock at a price of $16.00 per share, generating gross proceeds of approximately $471 million. The Company intends to use the net proceeds from the offering to repay outstanding debt and for working capital and general corporate purposes.
Berry is a leading manufacturer and marketer of plastic packaging products. The Company is a major producer of a wide range of products, including open top and closed top packaging, polyethylene-based plastic films, industrial tapes, medical specialties, flexible packaging, heat-shrinkable coatings, specialty laminates and FIBCs. The Company serves over 13,000 customers, ranging from large multinational corporations to small local businesses. Berry is headquartered in Evansville, Indiana.