Griffin Serves as Financial Advisor to Keystone Printed Specialties L.L.C.
Keystone is a manufacturer and specialty printer of packaging containers for consumer products applications, including folding cartons, labels and packaging for its food, electronic media, pharmaceutical and health and beauty aid customers.
Keystone’s CEO and two passive investors each owned one-third of the equity. While Keystone’s CEO wanted some liquidity from his equity stake, he also wanted to retain some equity in Keystone and grow via acquisition with a larger well-funded equity partner. The passive investors had no interest in personally funding growth via acquisition.
Griffin was able to meet these divergent goals via the recapitalization with Thompson Street Capital Partners, after managing a competitive recapitalization process with multiple private equity firms. Thompson Street essentially purchased almost all of the passive investor’s equity, and some of the CEO’s equity.
For more information on this transaction, please contact John A. Lee, Senior Managing Director, at 610.205.6106.