Bahrain firm boosts US packaging

摘要

Investcorp has announced the completion of a dividend recapitalisation of Chicago-based Berlin Packaging, in which it retains a majority stake acquired in 2007. Proceeds from the new $610 million credit facility will be used to refinance current debt and make a distribution to shareholders and existing management, who will continue to retain their existing equity in the company. The recapitalisation was done in partnership with Berlin's founders and management team, the Bahrain Bourse listed alternative asset manager said.