Amerplast Group has secured a new financing agreement with HIG Bayside Capital Europe, the capital solutions affiliate of HIG Capital.
The deal involves a five-year unitranche term loan, intended to refinance the group’s current debt commitments.
Amerplast manufactures flexible packaging for sectors such as food and beverage, hygiene, bakery, retail, and industry.
With operational bases in Finland and the UK, the company runs five factories across Europe and has around 470 employees.
The refinancing is intended to support Amerplast’s business operations and investments.
The company said that its strategy focuses on maintaining customer partnerships, sustainability initiatives, and the development of automation and production capacity.
Amerplast’s leadership includes chairman David Lennon, CEO Mark Rooney, and chief financial officer Matt Enright.
Enright said: "Amerplast has undergone a significant operational transformation in recent years, investing heavily in facilities, technology, sustainability, and product innovation. We are delighted to partner with Bayside for this exciting next phase of growth.
“This new financing partnership provides a stable and flexible capital structure that enables us to continue delivering for our customers, expand our capabilities, and execute our long-term strategic growth plan across Europe."
Bayside Capital specialises in special situations and targets middle-market businesses.
The company invests in various segments of both primary and secondary debt capital markets, prioritising long-term returns. Bayside operates from eight locations across the US and Europe and has a team of more than 500 investment professionals.
Bayside managing director Mathilde Malezieux said: "Amerplast is a high-quality, innovative, and resilient business with strong market positions in attractive end markets and a clear sustainability-led value proposition. The company has demonstrated consistent EBITDA growth, supported by a disciplined commercial model and a highly engaged management team.
“Our capital solution refinances the existing debt structure and positions Amerplast for its next phase of expansion."
