Morgan Stanley Capital Partners Completes Investment in Comar
June 19 2018 - 4:30PM
Business Wire
Investment funds managed by Morgan Stanley Capital Partners
(“MSCP”), the Private Equity team within Morgan Stanley Investment
Management, announced today that they have completed an investment
in Comar Holding Company, LLC (“Comar” or the “Company”). MSCP
partnered with the current management team, led by Michael
Ruggieri, who will remain CEO and continue to drive organic and
acquisition growth. Comar extends MSCP’s long and successful track
record of partnering with founder/family-managed companies and
marks the eighth platform investment in MSCP’s North Haven Capital
Partners Fund VI and its second packaging investment following the
backing of Kevin Keneally in acquiring Fisher / PPC Flexible
Packaging in 2017.
Comar, headquartered in Voorhees, New Jersey, is a leading rigid
plastics packaging manufacturer of bottles, containers, liquid
dosing devices and closures predominantly for the healthcare and
wellness industry. The Company services customers through eight
manufacturing facilities across the U.S. and Puerto Rico ensuring
coast-to-coast coverage.
Eric Kanter, Managing Director of MSCP, said, “We are excited to
invest in Comar, which is a premier engineered packaging and dosing
solutions provider in the U.S. Graham Partners, the prior sponsor,
has invested in a world-class management team who has targeted
highly attractive end markets and best in class capabilities. We
look forward to supporting the talented management team during the
coming years of organic and acquisition-fueled growth as the
Company executes its strategy to develop increasing exposure to
medical/drug delivery products.”
Mark Bye, Managing Director and Operating Partner of Morgan
Stanley Capital Partners, added, “We are delighted to partner with
Michael Ruggieri and the Comar team. MSCP’s investment in Comar is
the culmination of a multi-year review of the rigid packaging
sector and we believe the Company is primed for outsized
growth.”
Michael Ruggieri, Chief Executive Officer of Comar, said, “We
are excited to partner with Morgan Stanley Capital Partners and
enter a new phase of growth. We are proud of the accomplishments of
the entire Comar team and expect this new partnership to help us
continue to deliver the highest quality products to our
customers.”
MSCP was advised by Jones Day.
Morgan Stanley Capital Partners, part of Morgan Stanley
Investment Management, is a leading middle-market private equity
platform that has invested capital in a broad spectrum of
industries for over three decades. Morgan Stanley Capital Partners
focuses on privately negotiated equity and equity-related
investments primarily in North America and seeks to create value in
portfolio companies in a series of subsectors in the business
services, consumer, healthcare and industrials markets with an
emphasis on driving significant organic and acquisition growth
through an operationally focused approach. For further information
about Morgan Stanley Capital Partners, please visit
www.morganstanley.com/im/capitalpartners.
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 41
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180619006369/en/
Media Relations:Morgan StanleyMary Claire Delaney,
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