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Genstar Capital sells Pretium Packaging to Clearlake Capital Group

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Genstar Capital sells Pretium Packaging to Clearlake Capital Group

Private equity firm Genstar Capital LLC sold Pretium Packaging LLC to Clearlake Capital Group LP.

Financial terms were not disclosed.

Rothschild & Co. and Jefferies LLC served as financial advisers, while Weil Gotshal & Manges was legal counsel to Pretium on the transaction.

Pretium manufactures rigid plastic containers and closures. Its customers are in the food, specialty beverage and healthcare industries among others.