KKR Invests in Leonard Green’s Charter Next Generation; ADIA Takes Minority Stake

Charter NEX Films and Next Generation Films to Combine

April 26, 2019

Packaging

Charter NEX Films, owned by private equity firms Leonard Green & Partners and Oak Hill Capital, has reached a definitive agreement with Dave Frecka to combine with Next Generation Films, creating a larger specialty films platform. The combined company will operate as two synchronized divisions, maintain existing management teams, and expand manufacturing footprint and technical capabilities across multiple U.S. states.

Charter Next Generation Acquires Polymer Film & Bag, Inc.

August 8, 2022

Packaging

Charter Next Generation (CNG) has acquired Polymer Film & Bag, Inc., the extrusion business of the Polymer Packaging family based in Massillon, Ohio, along with certain related assets. The deal brings PF&B's co-extrusion capabilities and SQF-certified food-film production into CNG's platform to expand capabilities and serve new vertical markets.

Leonard Green & Partners Leads Recapitalization of WCG with Arsenal and Novo Holdings

November 14, 2019

Healthcare Services

An investor group led by Leonard Green & Partners, in partnership with Arsenal Capital Partners and Novo Holdings A/S, has agreed to recapitalize WCG to provide resources to accelerate growth and expand capabilities in clinical trial optimization. Financial terms were not disclosed; the transaction was announced in November 2019 and expected to close in the first quarter of 2020.

BharCap Partners Invests in GCG Advisory Partners

September 10, 2025

Financial Services

BharCap Partners made a strategic recapitalization investment in GCG Advisory Partners, the parent of GCG Wealth Management, with GCG management rolling over significant equity. The transaction provides capital to accelerate GCG's M&A-driven acquisition strategy and Monetize & Scale platform; prior investor LNC Partners exited its investment.

Advent International and Leonard Green Invest in Prometheus Group; Genstar and Management Retain Stakes

June 5, 2024

Software

Advent International, joined by Leonard Green & Partners, has made a strategic growth investment in Prometheus Group, a Genstar Capital portfolio company and provider of enterprise asset management software. Genstar and Prometheus founder and CEO Eric Huang will retain meaningful stakes; the capital will support product development, go-to-market expansion and international growth, particularly in Europe and Asia.

Bain Capital and ADIA Acquire Merchants Fleet with Management Co-Investment

October 19, 2022

Transportation

Bain Capital and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), together with the Merchants Fleet leadership team, completed the acquisition of Merchants Automotive Group (d/b/a Merchants Fleet and Merchants Auto). The management team will remain in place as co-investors; the transaction provides capital to accelerate Merchants' growth, technology initiatives and fleet electrification efforts and was supported by a $3 billion financing program arranged by Ares and others.