Coveris Sells its Global Rigid Business for €700 Million
April 30, 2018
Dechert LLP is advising Coveris Holdings S.A., a premier global packaging manufacturer, in connection with the sale of its Global Rigid Business (“Global Rigid”) to Lindsay Goldberg LLC for a total consideration of €700 million. The proposed sale is subject to customary regulatory approvals.
Coveris is a portfolio company of Sun Capital Partners. Upon a completion of the proposed sale, Coveris will be fully focused on the flexibles markets with 25 strategically located manufacturing facilities across five countries and over 3,800 employees.
As lead counsel, Dechert coordinated the legal aspects of the sale process across 15 countries with a cross-office team operating from London, Brussels, Frankfurt, New York and Paris. The Dechert team was led by London-based corporate partner Chris Field and included finance partner John Markland, tax partner Jane Scobie and corporate associate Mark Evans.
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