Barings Announces Investment in Diversified Packaging
Summary
Diversified Packaging is an attractive investment opportunity due to its strong customer relationships, favorable industry tailwinds, and differentiated, value-add service offerings.We are grateful to have secured financing from Barings to support Diversified Packagings future growth initiatives and look forward to embarking on this next stage of growth. We believe the Company is uniquely differentiated and well-positioned to continue expanding its customer relationships, product and service offerings, and geographic presence. said Zander Rutlin, Partner at Mill City Capital.This transaction expands Barings $32.78 billion* Global Private Finance platform, which leverages a deep bench of more than 80 investment professionals and a 30-year track record of providing financing solutions to sponsors while generating attractive risk-adjusted returns for investors.About Barings Barings is a $406+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions. Working together for more than fifteen years, the partners of Mill City Capital have led numerous investments across a variety of consumer and industrial sectors.