Greif $1.8 billion acquisition of Caraustar Industries

Overview:

• Industrial packaging manufacturer Greif has acquired paperboard manufacturer Caraustar Industries in a $1.8 billion deal. 
• Caraustar was sold by Florida-based private equity firm HIG Capital. 
• Goldman Sachs acted as exclusive financial adviser for Greif on the acquisition. 
• Rothschild & Co and Credit Suisse served as financial advisers for Caraustar. 
• Greif made a $500 million high-yield notes offering to help finance the acquisition. 
• The initial purchasers on the high-yield offering were led by Wells Fargo Securities, Goldman Sachs, JP Morgan Securities and BofA Merrill Lynch. 
• Greif also obtained a $2.75 billion credit facility to finance the transaction. 

Kurt Stumpo - US Editor