Press Release: 2nd August 2016
Petainer secures €16.5 million super senior working capital facility from RBS
London – Next Wave Partners (“Next Wave”), the growth capital private equity fund manager, announced today that its portfolio company, Petainer UK Holdings (“Petainer”, “the Company”), has secured a new €16.5 million super senior revolving credit facility (“RCF”) from RBS. The RBS financing follows the €100 million financing completed with KKR Credit and announced in May this year.
Petainer designs, manufacturers and supplies a diverse range of high performance packaging solutions to a range of fast moving consumer goods businesses. The facility further strengthens the firepower of the Company as it embarks on another stage of growth with its suite of new products coming to market.
Jonathan Brod, Managing Partner of Next Wave stated “We are delighted to announce the completion of this working capital facility with RBS. We look forward to working with RBS alongside KKR Credit. Petainer continues to innovate with the petainerKeg and the petainerCooler disrupting their respective markets and a suite of new products coming to market. Alongside this strong organic growth, Petainer is also actively pursuing acquisition opportunities.”
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