Madison Dearborn bought the company for $915m, including debt, back in 2010.
The deal will be financed through a combination of equity contributed by Platinum Equity along with certain members of management, and committed debt financing provided by Bank of America Merrill Lynch and Deutsche Bank.
“BWAY is a world class packaging business with strong customer relationships and a proven management team,” said Louis Samson, the partner at Platinum Equity whose team led the acquisition.
“We are excited to bring our operational capabilities to bear and to partner with the company’s management team to build on BWAY’s strong fundamentals.”
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