Configure Partners Advises Industrial Opportunity Partners on its Acquisition Financing for Raven Engineered Films
Atlanta, GA — Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce its role as exclusive financing advisor to Industrial Opportunity Partners (“IOP”) in securing committed debt capital to support IOP’s acquisition of Raven Engineered Films (“Raven EFD” or “The Company”), an innovator in developing and manufacturing lighter, thinner, stronger polymer film and sheeting solutions to help solve application and product challenges across the globe, from CNH Industrial N.V. (NYSE: CNHI / MI: CNHI).
“IOP is thrilled to have completed this transaction and we look forward to supporting the future growth and success of Raven EFD. Our lending partners are important to us and will be instrumental to the plans we have for the Company. Configure quickly understood the Raven EFD business and IOP’s desire for selecting financing partners that shared our high degree of enthusiasm for the investment. Under an expedited timeline, Configure helped us navigate the financing and delivered multiple solutions, ultimately providing us with the flexibility and speed to close that was required in this situation.” said Chris Willis, Managing Director at IOP.
Joseph Weissglass, a Managing Director at Configure, commented, “The IOP and Raven EFD partnership is really exciting. For a number of reasons, IOP is the perfect partner for Raven EFD and the carveout will unlock value. The future is very, very bright for the Company and we are convinced that Raven EFD will expand on its legacy as the industry leader and usher in an exciting new era for the Company. We are deeply appreciative of the partnership with IOP we look forward to tremendous success at Raven EFD.”
About Industrial Opportunity Partners (www.iopfund.com/)
IOP, an Evanston, Ill.-based private equity firm with approximately $1.5 billion of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with revenue between $50 million and $500 million. IOP focuses on businesses with strong product, customer, and market positions, and provides management and operational resources to support sales and earnings growth at its businesses.
About Raven Engineered Films (www.ravenefd.com)
Raven Engineered Films, Inc. has established a well-known reputation for manufacturing and supplying high performance flexible films and sheeting to major markets throughout the United States and abroad. As a U.S. manufacturer committed to producing essential film and sheeting to protect Earth’s resources, Raven Engineered Films is dedicated to developing custom solutions that solve precise application challenges — integrating sustainable environmental design practices for long-range performance.
About CNH Industrial (www.cnhindustrial.com/en-us) CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company with five core Brands: Case IH, New Holland Agriculture and STEYR, supplying 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment delivering a full lineup of construction products that make the industry more productive. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.
About Configure Partners (www.configurepartners.com)
Configure Partners is a preeminent credit-oriented middle market advisory boutique headquartered in Atlanta. The firm provides investment banking and financial advisory services surrounding credit and creditor’s rights, providing actionable advice and results-oriented execution. Configure’s Debt Placement practice designs bespoke financing solutions for borrowers to support leveraged buyouts, acquisitions, and dividend recaps, among other strategic objectives. The firm’s Credit Resolutions practice is the trusted advisor to lenders and their borrowers when confronting business, liquidity, or capital structure challenges.