Barings: Barings Backs Sentinel Capital Partners in Acquisition of Nekoosa

CHARLOTTE, N.C., 2017-11-17 17:00 CET (GLOBE NEWSWIRE) --
Barings, one of the world's leading asset management firms, announced today
that it served as Lead Agent on a senior secured credit facility to support
Sentinel Capital Partners in its acquisition of Nekoosa ("Nekoosa" or the
"Company"). 

Headquartered in Nekoosa, Wisconsin, the Company is a leading manufacturer of
specialty paper and film products used in the graphics and commercial print
markets, including application and pressure-sensitive tapes, specialty
synthetic papers, sheeted digital and offset grade carbonless paper, and
extruded film products. Nekoosa serves a highly diverse base of more than
70,000 commercial print and graphics shops in 65 countries. 

Barings served as lead senior lender on the transaction, which included a
senior term loan and a revolving credit facility. 

"Sentinel is pleased to have Barings' support on our investment in Nekoosa,"
said Scott Perry, a partner with Sentinel Capital Partners. "Barings provides
flexible capital solutions, seamless execution, and the proven capacity to
support future growth, offering us great confidence in our ability to execute
Nekoosa's strategic plan." 

"Barings values the strong partnership we have developed with Sentinel Capital
Partners and appreciates the opportunity to support its investment in Nekoosa,"
said Justin Lay, a managing director in Barings' North American Private Finance
Group. "Sentinel excels in backing niche market leaders such as Nekoosa, and we
look forward to working together to scale the business through organic and
inorganic initiatives." 

With over 650 investment professionals, including more than 70 dedicated solely
to private finance, Barings leverages its global presence and local expertise
to source private credit investments in developed markets worldwide. This
global sourcing network, coupled with a diverse portfolio of platform
companies, provides Barings with ongoing opportunities to finance middle market
transactions including new platform investments, add-on acquisitions and
recapitalizations across the U.S., Europe and Asia. 

About Sentinel Capital Partners
Sentinel Capital Partners specializes in buying and building businesses at the
lower end of the middle market in the United States and Canada in partnership
with management. Sentinel targets aerospace and defense, business services,
consumer, distribution, food and restaurants, franchising, healthcare, and
industrial businesses. Sentinel invests in management buyouts,
recapitalizations, corporate divestitures, and going-private transactions of
established businesses with EBITDA of up to $65 million. Sentinel also invests
in special situations, including balance sheet restructurings and operational
turnarounds. For more information about Sentinel, visit
www.sentinelpartners.com. 

About Barings
Barings is a $299 billion* global asset management firm dedicated to meeting
the evolving investment and capital needs of our clients. We build lasting
partnerships that leverage our distinctive expertise across traditional and
alternative asset classes to deliver innovative solutions and exceptional
service. Part of MassMutual, Barings maintains a strong global presence with
over 650 investment professionals and offices in 16 countries. Learn more at
www.barings.com. 

*As of Sept. 30, 2017

Contact:
Brian Whelan, Barings, 704.805.7244, [e-mail]

17-305487