H.I.G. Capital (“H.I.G.”), a main worldwide elective venture company with more than $45 billion of value capital under administration, is satisfied to declare the offer of its portfolio organization Sustana Group (“Sustana” or the “Organization”) to reserves oversaw by Blackstone Tactical Opportunities (“Blackstone”).
Sustana is a main maker of strength reused fiber and supportable bundling and paper items. Utilizing post-shopper recuperated wastepaper, Sustana’s items are sold into high development, high worth end markets including food bundling, bundling and premium reasonable papers, where ESG-cognizant brands esteem the capacity to substantially lessen their ecological effect. The Company’s four offices have industry driving energy productivity, water preservation frameworks, wastewater treatment innovation and reusing of cycle side-effects.
After a fruitful cut out exchange from Cascades, Inc. in 2014, H.I.G. worked together with the executives to extend the Company’s geographic scale and item presenting through the procurement of Fox River Fiber and made critical interests in the offices, item offering, deals and showcasing, innovation and the board, situating the Company for future achievement in a market that inexorably values top notch feasible items.
Fabian de Armas, Sustana’s CEO, said, “We like H.I.G’s. esteem added organization and interest in Sustana. Together, we have fabricated a main manageability stage in our business sectors and situated Sustana for strong future development. Blackstone’s venture is a solid support of our Company and our profoundly gifted group, and dispatches an interesting new part for Sustana.”
Ricky Stokes, Head of U.S. Lower Middle Market Private Equity at H.I.G., commented, “It has been a pleasure working with Fabian and the entire Sustana bunch. The accomplishment of this trade for Sustana’s organization, H.I.G. likewise its monetary benefactors, is a prompt outcome of the compelling execution of the game plan we imagined together. We are happy for these accomplishments, which position the Company for continued with progress.”
Robert W. Baird and Co. Joined went about as selective monetary counsel and McDermott Will and Emery LLP filled in as legitimate guide to H.I.G. furthermore Sustana regarding the exchange.
About Sustana
Sustana Group, contained Sustana Fiber and Rolland, is focused on industry-driving item quality, constant improvement and natural stewardship – by enhancing arrangements that are better for business, better for the climate and better for society overall. Sustana Group is pleased to give a far reaching, supportable mash and paper answer for clients all through North America.
About H.I.G.
Capital H.I.G. is a main worldwide elective resources trading company with more than $45 billion of value capital under management.* Based in Miami, and with workplaces in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., just as global subsidiary workplaces in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. spends significant time in giving both obligation and value money to little and fair sized organizations, using an adaptable and functionally engaged/esteem added approach:
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