Business Description

Pretium is a leading supplier of custom, high performance rigid plastic containers, primarily serving the food & specialty beverage, household & industrial, pharmaceutical and personal care end markets.  The company’s capabilities include a full range of blow molding technologies across all major resins as well as various finishing operations.  Through its highly flexible manufacturing platform, product engineering and design expertise the company provides one-stop solutions that deliver innovation, performance and enhanced economics to its customers who typically have small-to-medium annual volume requirements.

Background

The investment opportunity in Pretium was originally introduced to Nicolet as a non-control recapitalization opportunity by an investment banking firm.  The company’s founder was seeking a partner who could invest additional capital over time to support identified add-on acquisitions and ultimately acquire control of the business.  When one of these identified add-on targets entered into an LOI with another buyer, Pretium and its advisors determined a sale that would allow for a combination of both businesses was the optimal approach.  As a result of the strong relationships we built throughout the process, Nicolet Capital was able to secure a significant equity investment in the combined businesses and generated a subordinated debt co-investment opportunity in support of the transaction.

Select Value Creation Initiatives

• Leveraged our prior experience reinvigorating the growth of similar business to encourage the development of more robust new business pipeline, conversion and retention statistics.

Outcome

The steady performance and scale of Pretium made it a highly attractive property.  Pretium was sold to a financial buyer in June 2014 resulting in a full realization of the Nicolet’s investment.

Testimonials

“Nicolet was a tremendous contributor to our success over the course of their investment.  Their experience in the packaging market added great value in the continued development of our strategy and their insight on both business issues and financing strategy were invaluable to me and the Company.  Not many financial sponsors can bring the depth and breadth of experience that Nicolet has in the packaging space to an investment, and it was our pleasure to have that expertise available as we grew the company together.”

-George Abd, President & CEO of Pretium