Berlin — Herter & Co. advises the private equity firm Lindsay Goldberg LLC on the financing of the acquisition of the
Coveris Rigid Group
(“Coveris Rigid”), a leading producer of packaging solutions especially for the food industry.
Under the coordination of Herter & Co., a senior second lien financing package of € 437 million was achieved, which was provided and syndicated through underwriting by bookrunners and MLA Barclays, HSBC, Morgan Stanley and UniCredit.
Herter & Co. acted as sole debt advisor to Lindsay Goldberg in this transaction.
Coveris Rigid is a leading European producer of rigid packaging solutions for the food and personal & home care sectors. The company has 15 production sites in Europe and one in the USA and counts almost all major food manufacturers among its customers.
About Lindsay Goldberg
Lindsay Goldberg LLC manages equity of more than US-$ 13 billion and is represented in Europe by Lindsay Goldberg Vogel GmbH, Düsseldorf. The company supports high-growth medium-sized companies with expert advice and substantial financial resources, particularly in implementing an international growth strategy.
About Herter & Co.
Herter & Co. accompanies companies in the bank-independent selection of the optimal financing instruments, in the organization of the process, the selection of the financiers and the negotiation of the commercial loan conditions up to the disbursement. In this respect, Herter & Co.’s clients benefit from the team’s many years of experience, close networking with the financing market, good knowledge of all financing banks and relevant decision-makers, and up-to-date understanding of the constantly changing market situation and opportunities.