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Arsenal Capital Acquires Seal for Life for USD 328m
Thursday 01 August 2019

1 August 2019 - New York, US-based private equity firm Arsenal Capital Partners has acquired sealing solutions provider Seal For Life Industries, LLC from Berry Global Group, Inc. (NYSE: BERY) for USD 328m, the company said.

Seal For Life will serve as Arsenal's platform in the coating solutions sector focusing on the global infrastructure and industrial markets.

The platform's current and future technology portfolio provides maintenance and repair solutions that prolong the life and durability of critical applications, such as water and oil pipelines, tanks and terminals, power generation and petrochemical infrastructure.

Arsenal specialises in investments in middle-market speciality industrials and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of USD5.3 bn, completed more than 40 platform investments, and achieved 30 realisations.

Seal For Life offers a portfolio of corrosion protection and sealing solutions with the highest technical specifications in the industry.

The company has operations in the Netherlands, Belgium, India, Mexico, and the United States, with over 380 employees. The company has annual sales of approximately USD 120m.

J.P. Morgan Securities LLC acted as financial advisor to Berry. William Blair and Company acted as financial advisor and Jones Day acted as legal advisor to Arsenal.
Date Published: 01/08/2019
Target: Seal For Life Industries, LLC
Country: USA
Deal Size: 328m (USD)
Sector: Chemicals
Type: LBO
Financing: Cash
Status: Closed
Vendor: Berry Global Group, Inc
Buyer: Arsenal Capital Partners
Buyer Advisor: William Blair and Company , Jones Day,