Barings Backs Sentinel Capital Partners in Acquisition of Nekoosa

Barings Backs Sentinel Capital Partners in Acquisition of Nekoosa
20.11.2017 07:30 am

Barings Backs Sentinel Capital Partners in Acquisition of Nekoosa

Asset Management , M&A Deals
Barings, one of the world's leading asset management firms, announced today that it served as Lead Agent on a senior secured credit facility to support Sentinel Capital Partners in its acquisition of Nekoosa ("Nekoosa" or the "Company").

Headquartered in Nekoosa, Wisconsin, the Company is a leading manufacturer of specialty paper and film products used in the graphics and commercial print markets, including application and pressure-sensitive tapes, specialty synthetic papers, sheeted digital and offset grade carbonless paper, and extruded film products. Nekoosa serves a highly diverse base of more than 70,000 commercial print and graphics shops in 65 countries.

Barings served as lead senior lender on the transaction, which included a senior term loan and a revolving credit facility.

"Sentinel is pleased to have Barings' support on our investment in Nekoosa," said Scott Perry, a partner with Sentinel Capital Partners. "Barings provides flexible capital solutions, seamless execution, and the proven capacity to support future growth, offering us great confidence in our ability to execute Nekoosa's strategic plan."

"Barings values the strong partnership we have developed with Sentinel Capital Partners and appreciates the opportunity to support its investment in Nekoosa," said Justin Lay, a managing director in Barings' North American Private Finance Group. "Sentinel excels in backing niche market leaders such as Nekoosa, and we look forward to working together to scale the business through organic and inorganic initiatives."

With over 650 investment professionals, including more than 70 dedicated solely to private finance, Barings leverages its global presence and local expertise to source private credit investments in developed markets worldwide. This global sourcing network, coupled with a diverse portfolio of platform companies, provides Barings with ongoing opportunities to finance middle market transactions including new platform investments, add-on acquisitions and recapitalizations across the U.S., Europe and Asia.

Related News

Solactive is expanding – new Hong Kong office established

German Index provider Solactive AG is growing at a fast pace. In addition to the successful establishment of its Toronto office in January 2018, Solactive has now set up its... Read more »

Profile Software at AM TECH DAY by L’Agefi as a Silver Sponsor in Paris

Profile Software, an international financial solutions provider, announced today its participation as a Silver Sponsor at the Wealth and Asset Management-focused event, “AM... Read more »

BlueBay Launches Business Intelligence Capabilities for Its Investors with Progress

... Read more »

BNP Paribas Real Estate Selects Yardi for Netherlands English

One of Europe's fastest growing real estate firms will utilise fully connected, cloud-based software solution... Read more »

Linedata signs ICBC Asset Management (Global)

Linedata (Euronext Paris: LIN), a global provider of credit and asset management technology, data and services, announced today that Hong-Kong-based ICBC Asset Management (... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App