Morgan Stanley Capital Partners Completes Investment in Fisher Container
February 03 2017 - 9:00AM
Business Wire
Investment funds managed by Morgan Stanley Capital Partners
(MSCP), the Private Equity team within Morgan Stanley Investment
Management, announced today that they have completed an investment
in Fisher Container (“Fisher” or the “Company”). MSCP is partnering
with experienced plastics and packaging executive, Kevin Keneally,
and the current Fisher management team to acquire the Company.
Fisher, headquartered in Buffalo Grove, IL, is a leading
manufacturer of innovative and technical flexible packaging
products, primarily for the cleanroom, food and industrial end
markets. The Company prints and converts flexible plastic pouches,
bags and films. Fisher Container is a third generation family
business, founded by Don Fisher in 1969.
Don Fisher said, “I am very proud of our family business and
have taken great care to find the best partner to take it forward.
I have come to know the MSCP team well and am confident that they
bring the skills, capabilities, and approach necessary to build and
expand on our success.” Kevin Keneally will become Chief Executive
Officer as part of the transaction and will replace Don Fisher, who
will be retiring.
“MSCP has a long history of working with differentiated
founder-owned companies that have a strong culture, and we are
excited to partner with Fisher Container,” said Eric Kanter,
Managing Director of Morgan Stanley Capital Partners. “We would
like to thank Don Fisher for his steadfast commitment and numerous
contributions to the company. Due to his leadership, we believe
Fisher is well-positioned with attractive capabilities and should
be able to capitalize on significant organic and
acquisition-oriented growth opportunities.”
Mark Bye, Managing Director and Operating Partner of Morgan
Stanley Capital Partners, added, “We are delighted to partner with
Kevin Keneally, who brings exceptional plastics and packaging
experience to a founder-owned business. MSCP’s investment in Fisher
is the culmination of a multi-year review of the packaging sector,
and we believe the company is primed for outsized growth. We look
forward to supporting the management team as they work to further
strengthen Fisher’s offerings through improved commercial
strategies and operations.”
Kevin Keneally, Chief Executive Officer of Fisher, said, “Fisher
Container has a tremendous history and first-class reputation in
the marketplace. I’m delighted to join the management team and to
partner with Morgan Stanley Capital Partners. We are proud of the
accomplishments of the Fisher family and expect the new partnership
to deliver significant value as we build upon an already strong
foundation. Our goal is to expand Fisher’s services and
capabilities to our customers.”
About Morgan Stanley Capital Partners
Morgan Stanley Capital Partners, the middle-market focused
private equity business 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 two decades.
Morgan Stanley Capital Partners focuses on privately negotiated
equity and equity-related investments primarily in North America,
as well as Europe and other regions and seeks to create value in
portfolio companies primarily through operational improvement. For
further information about Morgan Stanley Capital Partners, please
visit www.morganstanley.com.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 590 investment
professionals around the world and $417 billion in assets under
management or supervision as of September 30, 2016. Morgan Stanley
Investment Management strives to provide outstanding long-term
investment performance, service and a comprehensive suite of
investment management solutions to a diverse client base, which
includes governments, institutions, corporations and individuals
worldwide. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 42
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For
further information about Morgan Stanley, please visit
www.morganstanley.com.
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Media RelationsMorgan StanleyLauren Bellmare, 212-761-5303
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