NautaDutilh advises banks on the financing of the acquisition of Weener Plastic Packaging Group by 3i
NautaDutilh advised an international syndicate of lenders on the financing of the acquisition of Weener Plastic Packaging Group ("WPPG") by 3i. The syndicate comprised of Bank of Ireland, Crédit Agricole Corporate and Investment Bank Deutschland, GE Corporate Finance Bank S.C.A., IKB Deutsche Industriebank AG, ING Bank N.V., Mizuho Bank, Ltd. and SOCIETE GENERALE, Frankfurt Branch.
3i invests approximately EUR 250 million. The transaction is still subject to the approval by the antitrust authorities.
WPPG designs, develops and manufactures added value caps, closures and roll-on balls as well as jars and bottles for the personal care, food and beverage, and home care market.
Headquartered in Weener, Germany the company operates in close proximity to its customers with a production network of 24 locations in 15 countries and approximately 2,000 employees across the world. In 2014, WPPG generated sales of approximately EUR 270 million.
The NautaDutilh team acted alongside Ashurst and was led by Annegien Kooij (counsel), supported by Catrien Rozeman (senior associate). David Viëtor acted as responsible partner.
