ATLANTA, GA (June 30, 2010) Konsortium Capital Partners announced today that it has successfully completed the placement and closing of an $7.6 Million senior secured credit facility for Rovema Packaging Machines, LP and its parent PKG Holdings, LLC (the “Company”). The financing, consisting of a $6 Million revolver and $1.6 Million term loan, was used to refinance the Company’s existing debt, provided additional working capital and fund corporate initiatives amongst Rovema and its foreign subsidiaries. The Intuitus Group, LLC jointly represented the Company as financial advisor overseeing the consolidation of all operating companies under a new holding company PKG, Holdings, LLC. Sean Boyd, Managing Director of Konsortium said, “The consolidation of Rovema’s domestic and foreign operations coupled with its new financing creates a stronger Company and brand that is recognized globally in the packaging industry; the financing will allow it to continue its growth plans and pursue strategic acquisition opportunities.”
About Rovema
With more than 30,000 machines installed worldwide, Rovema continues to be global leader in packaging technology and offers a complete line of high quality machines and integrated systems capable of catering to a wide variety of packaging needs. The Company designs, develops, manufactures and sells its own line of packaging machines that includes vertical and horizontal form-fill-seal machines, cartoners, case-packers, display packers, auger fillers, cup-feeders, transfer systems, bag-in-box lines, and turnkey systems major global brand names like General Mills, Hershey, J&J Snacks, Kellogg’s, Kraft Foods, McCormick, Starbucks Coffee. For more information about Rovema, please contact them at xxx.xxx.xxxx or visit the Company’s website at www.rovema.com.
About Konsortium Capital Partners
Konsortium Capital Partners is a boutique corporate finance and advisory firm that arranges debt & equity solutions for lower middle-market companies. With offices in Atlanta and New York, Konsortium provides capital to companies that typically have revenues less than $250 million, financing needs ranging from $5-$50 Million, are for the purposes of growth, leveraged acquisitions/buyouts, refinancing, and recapitalization. For more information on how Konsortium Capital Partners can help your company, please visit www.konsortiumcapital.com or contact Sean C. Boyd, Managing Director at 404.924.7102.
