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.

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