July 2018

Precision Global lines up $210M buyout

BNP Paribas and HSBC are leading $210 million of debt financing to back the buyout of global aerosol valve supplier Precision Global by ONCAP, according to sources.

The financing includes a $35 million revolver, a $155 million first-lien term loan and a $20 million delayed-draw term loan.

Founded in 1949, Precision Global today is a global manufacturer and supplier of aerosol valves, actuators, pumps, caps and related aerosol accessories, custom closures and other specialty dispensing solutions.  

ONCAP is the middle market platform of Onex Corp.