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FRP Corporate Finance has secured a refinancing package for Amerplast Group, a UK-based flexible packaging manufacturer backed by private equity firm Chiltern Capital.
Amerplast, which operates manufacturing facilities in the UK, Finland and Poland, produces films, laminates, bags and labels for uses ranging from food packaging to security applications.
Chiltern Capital and Amerplast’s management appointed FRP Corporate Finance’s debt advisory team to refinance the group’s existing facilities. The work was led by partner Tom Cox and director Umito Choji.
The refinancing resulted in a new leveraged finance package provided by Investec and H.I.G. Bayside Capital Europe.
FRP said the new facilities optimise Amerplast’s capital structure following negotiations with lenders.
The funding is intended to support investment in production capacity, supply chain optimisation and further development of the group’s manufacturing sites.
It also includes additional undrawn capacity to support potential mergers and acquisitions over the next three to five years.
Cox, debt advisory partner at FRP Corporate Finance, said: “Lenders are always keen to support high quality assets that have demonstrated robust performance and have clear growth potential. This was certainly the case with Amerplast, which attracted strong interest from potential funding partners. It was great to be able to help the business secure this refinancing which will support the next phase of growth.”
