Dunes Point Capital LP, a family office and private investment firm, has acquired K-1 Packaging Group LLC and Everest Packaging Corp LLC (together, K-1).
Located in City of Industry, Calif., K-1 is a designer and provider of customized packaging services for the wellness and personal care end markets. K-1 has three manufacturing facilities in California, one procurement and quality control office in Shenzhen, China and employs approximately 220 people.
Dunes Point Capital Fund III LP provided the controlling equity for the transaction. The debt for the transaction was provided by Twin Brook Capital Partners. Kirkland & Ellis LLP served as legal advisor to DPC, and Alvarez & Marsal served as financial advisor to DPC. Hexagon Capital Alliance served as financial advisor to K-1.