Investment from KKR Credit

Industrial
Investment from KKR Credit

Summary

Baird served as the exclusive financial advisor to Petainer on this transaction.

About

Petainer UK Holdings (“Petainer” or the “Company”), a portfolio company of Next Wave Partners, recently completed a transaction with KKR Credit regarding a €100 million debt and equity investment in the Company, valuing Petainer at more than €140 million.

Petainer is a global provider of high performance packaging solutions to a diverse range of consumer markets such as beer, wine, cider, carbonated soft drinks, water, food, personal care and household. The Company has specialist expertise in high stretch polymer engineering that it applies across much of its product portfolio to create differentiated and market disruptive packaging. Petainer offers packaging solutions to global brands that provide them with advantages in terms of new market opportunities, supply chain improvements as well as reductions in total costs and improvements in sustainability. Petainer is a United Kingdom-based company which has production plants in Sweden and the Czech Republic, blowing facilities in North America, Russia, India and Australia, as well as sales offices in Sweden, the Czech Republic, Germany, the United States and United Kingdom. Petainer is headquartered in London, the United Kingdom.

Next Wave Partners is a growth capital private equity investor who backs fast growing business services and consumer companies in the United Kingdom. The firm manages more than €250 million of assets and has eight investment professionals in its London office. Next Wave Partners is headquartered in London, the United Kingdom.

KKR Credit is a leading asset manager with approximately $33.8 billion of assets under management as of 31 December 2015 covering senior debt, mezzanine, PIK, high yield and other securities. Established in 2004 as the credit investing arm of KKR, KKR Credit has offices in San Francisco, New York, London, Sydney, Singapore, Mumbai, Hong Kong and Dublin, supported by a dedicated staff of over 85 investment professionals.

For additional information about this transaction, please contact:

David Silver +44 (0) 207-667-8216
Alex Ballantine +44 (0) 207-667-8242
Vinay Ghai +44 (0) 207-667-8225
Justin Albert +1 (303) 270-6381
Paul Bail +44 (0) 207-667-8271
Satoshi Matsumoto +1 (646) 557-3201
Industrial
Investment from KKR Credit
Date
May 2016
Company
Petainer UK Holdings
Transaction
M&A
Sectors
Industrial
Target Location
Europe
Acquiror Location
Europe

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