Recyclable polyethylene (PE) terephthalate packaging solutions provider Captiva Containers has received a minority growth investment from Trivest Partners, a US-based private investment company.
The investment was made through the Trivest Growth Investment Fund II (TGIF), a fund specifically structured to provide capital to businesses while allowing founders to retain control.
Captiva’s founders said: “TGIF’s unique offering enabled us to partner with a world-class PE firm while maintaining control of our business.
“We are thrilled to bring on a partner with such great resources behind it to help us in this next stage of our company’s growth.”
Based in Miami, US, Captiva has been supplying its packaging solutions to nearly 1,000 customers across various sectors, including food and beverage, nutraceuticals, and household products.
The company provides a comprehensive service offering, which includes custom packaging design and development, manufacturing, labelling, warehousing, and nationwide shipping.
Cobaltum Partners played a pivotal role in facilitating this transaction, advising Captiva throughout the process.
With this partnership, Captiva is poised to further develop its product portfolio and strengthen its services to consumer-packaged goods brands, co-packers, manufacturers, and value-added distributors from its Miami facility.
Trivest principal Jonathan Schonfeld said: “Captiva has built a compelling business by combining best-in-class design and manufacturing capabilities with outstanding customer service.
“We’re excited to support their continued expansion as they scale to meet the growing demand from top-tier customers across North America.”
Trivest manages approximately $6bn in capital across four distinct investment funds.
The company says it is dedicated to supporting and growing family-owned businesses through both control and noncontrol transactions across the US and Canada. It currently has more than 50 portfolio companies.
