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Kekst CNC handles Crestview Partners as the private equity company acquires Smyth Cos., a leading packaging goods operation, from Novacap.
The transaction is in tandem with Smyth’s founding family, and Scott Fisher, who helms the Minnesota-based company. Food, household goods, health & beauty, and automotive aftermarket companies use Smyth’s products.
Crestview says it’s committed to supporting Smyth’s plan to pursue both tuck-in and transformational acquisitions across the flexible packaging markets.
"We believe Smyth holds a uniquely strong position within the broader prime labels market driven by its innovative, customer-first approach, comprehensive product portfolio, and reputation for exceptional product quality, which enable the Company to flexibly serve leading consumer packaged goods customers at scale,” said Bradford Williams, Crestvew partner and co-head of industrials group.
Based in New York, Crestview manages funds with about $10 billion of aggregate capital commitments.
Kekst CNC partners Jeffrey Taufield, Daniel Yunger, and analyst Bay Dotson represent Crestview.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
