The Carlyle Group Leads, Structures Debt Financing for Morgan Stanley Capital Partners’ Acquisition of AWT Labels & Packaging
NEW YORK, NY – Global investment firm The Carlyle Group (NASDAQ: CG) today announced that its Global Credit platform led and structured the debt financing package to support Morgan Stanley Capital Partners’ (“MSCP”) acquisition of Advanced Web Technologies Holding Company, which operates as AWT Labels & Packaging and Citation Healthcare Labels ("AWT") and is a leading provider of labels and flexible packaging solutions.
Carlyle’s middle market lending strategy, Carlyle Direct Lending, acted as joint lead arranger and administrative agent on the financing. Carlyle’s direct lending team focuses on making investments across the capital structure, primarily in private equity sponsor-backed companies, including senior secured loans, unitranche loans and junior debt.
Miles Toben, a Managing Director within Carlyle’s Global Credit platform, said, “We are grateful for our longstanding partnership with Morgan Stanley Capital Partners and for the opportunity to invest in AWT alongside them. We look forward to supporting AWT’s continued growth under MSCP’s ownership.”
Headquartered in Minneapolis, Minnesota, AWT is a provider of labels and flexible packaging solutions focused on healthcare, personal care, food & beverage, household, and OEM/Industrial end markets. Founded in 1976, AWT operates out of three facilities in the U.S. and holds a top three market position in the medical device labels and clinical trials labels segments. Through its innovative product design approach and swift speed-to-market, AWT helps customers address mission-critical application needs. For more information, please visit the Company's website www.awtlabelpack.com.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $230 billion of assets under management as of September 30, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,800 people in 30 offices across six continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.
About Morgan Stanley Capital Partners
Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has invested capital in a broad spectrum of industries for over three decades. Morgan Stanley Capital Partners focuses on privately negotiated equity and equity-related investments primarily in North America and seeks to create value in portfolio companies primarily in a series of subsectors in the business services, consumer, healthcare and industrials markets with an emphasis on driving significant organic and acquisition growth through an operationally focused approach. For further information about Morgan Stanley Capital Partners, please visit www.morganstanley.com/im/capitalpartners.