US-based Babson Capital Management, a global investment management firm, has provided subordinated debt and made an equity co-investment to support River Associates Investments’ acquisition of a controlling stake in Rose City Printing & Packaging via recapitlization.
According to the investment management firm, it is the sole provider of subordinated debt for the transaction.
Babson Capital's Mezzanine & Private Equity Group MD and head Mike Klofas said the company is excited to partner again with River Associates on the Rose City transaction.
"With its excellent service and manufacturing capabilities and the substantial resources provided through this investment, Rose City is well-positioned for aggressive growth in existing and new markets, and we look forward to participating in its success," Klofas said.
Babson Capital Management and its subsidiaries have $154bn in assets under management as of September 30, 2012 and serve institutional investors around the globe.
Rose City founded in 1945 and based in US is one of the fastest-growing independent folding carton manufacturers on the West Coast. It is a premier supplier of printed folding cartons to West Coast food and beverage manufacturers.