Barings Provides Financing for Lindsay Goldberg Acquisition of Golden West Packaging
CHARLOTTE, N.C., Sept. 18, 2017 (GLOBE NEWSWIRE) -- Barings, one of the world's leading asset management firms, announced today that it served as co-documentation agent and participated in providing a senior secured credit facility to support Lindsay Goldberg's investment in Golden West Packaging Group LLC, a holding company created earlier this year for investments in the packaging industry.
The financing facilitated Golden West Packaging's acquisition of four independent packaging companies and a co-owned captive sheet feeder to create a leading West Coast mill-independent system that provides custom packaging to a diversified customer base with an emphasis on the wine, food, produce and e-commerce markets.
"Golden West Packaging has created a compelling value proposition with its ability to offer a wide array of custom packaging, folding cartons and displays along with its extensive production capabilities and full-service support," said Scott Chappell, Managing Director in Barings' Global Private Finance Group. "We're confident the company will benefit greatly from Lindsay Goldberg's significant industry experience as Golden West Packaging seeks to leverage its scale, diverse end markets and attractive geography."
About Barings LLC
Barings is a $288 billion* global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. A member of the MassMutual Financial Group, Barings maintains a strong global presence with over 600 investment professionals and offices in 16 countries. Learn more at www.barings.com .
*As of June 30, 2017
Brian Whelan, Barings, 704.805.7244, email@example.com
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