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Ares, Ontario Teachers' to buy majority stake in packaging provider TricorBraun

Jan 08, 2021 - SNL Financial
Mergers and Acquisitions

TricorBraun's current majority backer AEA Investors will continue to own a significant stake in the packaging company.

Funds managed by Ares Management Corp.'s private equity arm and the Ontario Teachers' Pension Plan Board agreed to purchase a majority stake in TricorBraun Inc.

Middle-market private equity firm AEA Investors LP, TricorBraun's current majority backer, will keep a significant investment in the company, along with the existing leadership team.

TricorBraun Executi...