Clarus Capital closed a $30 million equipment lease facility for a sponsor-backed packaging company. Financing proceeds facilitated the acquisition of new injection molding and production assets acquired as part of a new, long-term contract with a large global retailer.
“Clarus is pleased to serve as a financial partner for this company and support a strategic opportunity for one of its longest tenured customers,” Steve O’Leary, CEO of Clarus Capital, said. “These assets will provide the company with significant incremental production capacity and further improve their market position across key consumer products.”
“Having closed more than $350 million of cumulative cash flow financings for this sponsor throughout our multi-decade relationship, we are excited to close this transaction as it marks a new chapter financing essential use assets,” Tim Conway, chairman of Clarus Capital, said. “We look forward to continuing to support this sponsor and its portfolio companies for other financings.”
