Nicolet Capital Partners, LLC, a private equity firm in Chicago, IL, announced today that Pretium Packaging has completed a $150 million high yield offering. Proceeds from the offering were used, in part, to refinance senior and subordinated debt from the February 2010 recapitalization and acquisition of
Pretium Packaging and PVC Container Corporation (d/b/a Novapak). The high yield offering also funded a $31 million distribution to Pretium’s equity investors. Nicolet Capital has a minority equity interest in Pretium.
About Nicolet Capital Partners, LLC
Nicolet Capital Partners, LLC, located in Chicago, IL, is a private equity firm that makes both majority and minority equity investments in established businesses across a wide range of basic industries. The firm targets equity investments of $20-50 million in companies with meaningful, distinct and sustainable competitive positions. In addition to its equity capital, Nicolet Capital can provide complete, committed debt financing for its transactions. For more information on Nicolet Capital, please contact them at 847-563-5377 or visit their website at www.nicoletcap.com.