Pretium Packaging, L.L.C. (Pretium) and 9 of its affiliates in its voluntary prepackaged Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New Jersey, a first-of-its-kind expedited prepackaged case in the District. Pretium is a leading global supplier of sustainable rigid packaging solutions used by a diverse set of end markets. Pretium entered into Chapter 11 to implement a comprehensive restructuring transaction that would eliminate approximately $900 million of the company’s approximately $1.8 billion funded debt obligations with the overwhelming support of its existing lenders and Clearlake, Pretium’s equity sponsor. Pretium received approval for up to $533.5 million in debtor in possession (DIP) term loan facility and access to a $100 million DIP ABL facility, and commitments to roll such facilities into exit financing to support Pretium’s long-term growth
Oaktree-backed Awager, a provider of live slot streaming technology, in its sale to Aristocrat (ASX: ALL)
Transom Capital Group in numerous transactions, including:
- its portfolio company, Artivo Surfaces, in its acquisition of the Walker Zanger and Anthology brands, providers of premium surfaces, from Mosaic Companies
- its portfolio company, Virginia Tile, in the sale of its woodworking products distribution business to Wilsonart Engineered Surfaces
- its sale of Mackie to RØDE Microphones
ElmTree, a real estate investment firm, in its sale to BlackRock (NYSE: BLK)
HF Capital in its joint venture with Ara Partners and in its up to $725 million investment in Ara Energy Decarbonization, a JV focused on energy and infrastructure investment strategies
Oaktree Capital Management-backed Richards Manufacturing, a provider of utility grid products, in its $2.3 billion sale to TE Connectivity (NYSE: TEL)
K1 Investment Management-backed IXOPAY in its acquisition of Aperia Compliance, a provider of a provider of payment card security compliance software and services, from Aperia Solutions
Vitruvian Partners in its investment in Aduro Advisors
