CHS Capital Completes Dividend Recapitalization of TricorBraun Inc.
CHS Capital™ has completed a dividend recapitalization of St. Louis-based TricorBraun Inc., a portfolio investment of CHS Private Equity V LP, a $1.3 billion investment fund. Proceeds will be used to refinance existing debt, repurchase equity, issue a distribution to investors and support ongoing growth initiatives, both organically and through acquisitions.
With strong financial performance and significant deleveraging since CHS Capital’s investment, CHS explored numerous financing alternatives before securing the new $555 million credit facility from GE Antares and UBS.
Founded in 1902, TricorBraun provides over 32,000 rigid packaging containers and related components for the personal care, cosmetics, healthcare, food and beverage, and industrial and household chemical end-markets. The company also provides comprehensive package design, engineering and development services, as well as global sourcing and logistics management. The company sources from 800 suppliers and has 40 locations in the United States, Canada, Mexico and Asia. For additional information, please visit
“TricorBraun’s superior capabilities in product design, sourcing and distribution have led to their industry-leading position,” said Dave Hawkins, Partner at CHS Capital. “We look forward to working with CEO Keith Strope to implement growth strategies aimed at continuing the company’s 18 consecutive years of EBITDA growth.”
CHS Capital is a Chicago-based private equity firm with 24 years of experience investing in the middle market. Through partnerships with strong management teams, CHS Capital accelerates earnings growth and drives value creation through human capital enhancements, performance improvement actions and strategic growth initiatives. CHS Capital has made investments in over 360 businesses and invested $2.9 billion of capital. For additional information, please visit .