Dominion Packaging Secures Growth Capital from Backcast Partners
Deal News | Apr 30, 2025 | Backcast Partners LLC
Backcast Partners has announced its investment in Dominion Packaging to support the company's growth capital expenditures and recapitalization. Dominion Packaging, an independent provider of cardboard folding cartons, is known for superior graphics capabilities in the consumer packaged goods industry. Backcast provided senior secured debt with warrants and convertible preferred equity, supported by Truist, Dominion's existing lender. CEO Gino Pacini highlighted the robust partnership with Backcast, while Ed Cerny of Backcast emphasized the strategic significance of digital printing in the CPG sector. Greenberg Traurig and McGuireWoods LLP represented Backcast in the transaction.
Sectors
- Private Equity
- Packaging
- Consumer Goods
Geography
- United States – Dominion Packaging is headquartered in Richmond, Virginia; Backcast operates out of New York City and Millburn, NJ.
Industry
- Private Equity – Backcast Partners provides capital financing as a private equity firm to support Dominion Packaging's growth.
- Packaging – Dominion Packaging operates in the packaging industry, providing printed cardboard folding cartons.
- Consumer Goods – Dominion Packaging services blue-chip customers in the food and beverage space, which are part of the consumer goods sector.
Financials
- Approximately $1.3 billion – Assets under management by Backcast Partners.
- $20 million to $150 million – Investment range by Backcast Partners per transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dominion Packaging, Inc. | Target Company | Company | An independent provider of printed cardboard folding cartons for consumer packaged goods companies. |
| Backcast Partners LLC | Bidding Company/Investor | Company | A provider of debt and equity capital for middle-market companies with approximately $1.3 billion in AUM. |
| Truist | Existing Lender | Company | Provides revolving credit facility to Dominion Packaging. |
| Greenberg Traurig | Legal Advisor | Company | Provided legal representation for Backcast in the transaction. |
| McGuireWoods LLP | Legal Advisor | Company | Provided legal representation for Backcast in the transaction. |
| Gino Pacini | Chief Executive Officer | Person | CEO of Dominion Packaging. |
| Ed Cerny | Managing Partner | Person | Managing Partner at Backcast Partners. |