This is the second time we have partnered with AG Net Lease for sale-leaseback financing. They have demonstrated superior execution skills and we look forward to working with the team in the future.
NEW YORK (PRWEB) December 16, 2008
Consolidated Container Company, which was formed in 1999, is a leading North American developer, manufacturer and marketer of rigid plastic containers for many of the largest branded consumer products and beverage companies in the world. CCC has long-term customer relationships with many blue-chip companies, including Dean Foods, Nestle Waters North America, The Procter & Gamble Company and The Scotts Company. CCC serves its customers with a wide range of manufacturing capabilities and services through a network of sixty-five strategically located manufacturing facilities throughout the United States and three manufacturing facilities in Mexico and Canada.
Teddy Kaplan, Managing Director and co-manager of AG Net Lease, commented, "Consolidated Container is a leader in the rigid container space, with a blue chip customer base and world class management. We are thrilled CCC and Vestar chose to work with AG Net Lease on this transaction."
"Like other financing alternatives, the availability of capital for sale-leasebacks is severely constrained today," said Gordon J. Whiting, Founder and Chief Portfolio Manager of AG Net Lease. "As this deal shows, we continue to close complex transactions with leading sponsors and their portfolio companies. We will remain very active closing sale-leasebacks in the remainder of the year and throughout 2009."
Jim Kelley, President of Vestar Capital Partners, said, "This is the second time we have partnered with AG Net Lease for sale-leaseback financing. They have demonstrated superior execution skills and we look forward to working with the team in the future."
About Angelo, Gordon & Co. and AG Net Lease
Angelo, Gordon & Co. was founded in 1988 and, with its affiliates, has approximately $15 billion under management. Currently, the firm's investment disciplines encompass four principal areas: (i) distressed debt and leveraged loans, ii) real estate equity and debt, (iii) private equity and special situations and (iv) multi-strategy. Angelo, Gordon & Co. employs approximately 100 investment professionals and is headquartered in New York, with associated offices in London, Los Angeles, Chicago, Boston, San Francisco, Hong Kong, Seoul, Shanghai, Singapore, Tokyo and Amsterdam.
AG Net Lease is comprised of a team of experienced professionals committed to providing sale-leaseback financing to financial sponsors and their portfolio companies across a range of industries. AG Net Lease is actively providing sale-leaseback financing and purchasing net leased corporate real estate in the U.S. and abroad in transactions ranging from $5 million to $300 million. We believe AG Net Lease's unparalleled credit and real estate underwriting expertise, coupled with its unique funding platform, ensures highly competitive pricing and speed of execution to tenants and sponsors. Additional information on AG Net Lease can be found at http://www.angelogordon.com/netlease.
About Vestar Capital Partners
Vestar Capital Partners is a leading international private equity firm. The firm's investment strategy is targeted towards companies in the U.S., Europe and Japan with valuations in the $100 million to $5 billion range. Since the firm's founding in 1988, the Vestar funds have completed over 65 investments in companies with a total value of over $30 billion. These companies have varied in size and geography and span a broad range of industries. The firm's strategy is to invest behind incumbent management teams, family owners or corporations in a creative, flexible and entrepreneurial way with the overriding goal to build long-term franchise value. Vestar currently manages funds with committed capital totaling approximately $7 billion and has offices or affiliates operating in New York, Denver, Boston, Paris, Milan, Munich and Tokyo. More information about Vestar is available at http://www.vestarcapital.com.
About Consolidated Container Company
Consolidated Container Company, which was formed in 1999, is a leading North American developer, manufacturer and marketer of rigid plastic containers for many of the largest branded consumer products and beverage companies in the world. CCC has long-term customer relationships with many blue-chip companies.
CCC serves its customers with a wide range of manufacturing capabilities and services through a nationwide network of sixty-five strategically located manufacturing facilities and a research, development and engineering center located in Atlanta, Georgia. Additionally, CCC has three international manufacturing facilities in Canada and Mexico.