Schellenberg Wittmer advises Kps Capital Partners on a business acquisition
Kps Capital Partners (Kps) has signed a definitive agreement to acquire the Europe, Middle East and Africa food, aerosol and promotional packaging business (the “EMEA Food and Consumer Packaging Business”) from Crown Holdings for €2.25 billion (approximately $2.7 billion).
Crown will retain 20% ownership of the company. The transaction is expected to close in the third quarter of 2021 and is subject to customary closing conditions and approvals.
The Advisors
Schellenberg Wittmer advised Kps with respect to all Swiss law aspects. The team was led by Martin Weber (partner corporate/m&a, pictured) and included Elia Schunck (corporate/m&a), Josef Caleff (real estate) and Céline Schmid (employment).
Rothschild & Co is acting as lead financial advisor and Paul Weiss Rifkind Wharton & Garrison is serving as legal counsel to Kps and its affiliates. Barclays and Ubs are also acting as financial advisors to Kps and its affiliates. Debt financing to support the transaction is being led by Barclays and Deutsche Bank along with Bnp Paribas, Credit Suisse and Ubs Investment Bank.
