Ontario Teachers' Pension Plan Board

Ares Management's Private Equity Group funds and Ontario Teachers' Pension Plan Board completed the acquisition of a majority interest in packaging distributor TricorBraun, from former majority owner AEA Investors, which retains a significant stake.

Ares Management's Private Equity Group funds and Ontario Teachers' Pension Plan Board have agreed to acquire a majority interest in packaging distributor TricorBraun from AEA Investors, with management retaining a stake. The deal was announced January 7, 2021.

Ardagh Group agreed to combine its Food & Specialty Metal Packaging business with Exal Corporation to form Trivium Packaging, a metal packaging company with 57 facilities and about 7,800 employees, headquartered in the Netherlands. Ardagh will hold 43% and receive about $2.5 billion in cash, with completion expected later in 2019.