H.I.G. Bayside Refines Amerplast’s Debt Structure with €500M Unitranche — H.I.G. Capital, LLC

Event summary

H.I.G. Bayside Europe provided a five-year unitranche term loan to refinance Amerplast Group’s existing debt.
Amerplast, a pan-European flexible packaging manufacturer, operates five facilities and employs ~470 people.
The refinancing supports Amerplast’s growth strategy focused on sustainability, innovation, and automation.
H.I.G. Bayside cited Amerplast’s consistent EBITDA growth and strong market positions in attractive end markets.

The big picture

H.I.G. Bayside’s refinancing of Amerplast underscores the growing demand for flexible capital solutions in the sustainable packaging sector. With $74B in AUM, H.I.G. is positioning itself as a key player in middle-market debt restructuring, particularly for companies with strong ESG credentials. The deal highlights the strategic importance of operational agility and long-term customer partnerships in resilient industries.

What we're watching

Execution Risk: Whether Amerplast can sustain its growth trajectory while integrating the new capital structure.
Market Expansion: The pace at which Amerplast expands its capabilities and geographic footprint in Europe.
Sustainability Leadership: How Amerplast’s sustainability proposition differentiates it in competitive packaging markets.