Cuatrecasas advises KPS on buying European food packaging business from Crown Holdings

We advised US equity risk fund KPS on buying the European tinplate packaging division from Crown Holdings for €1.9 billion.

Cuatrecasas advises KPS on buying European food packaging business from Crown Holdings
April 22, 2021

A Cuatrecasas team made up of Sora Park, Javier Villasante, Juan Bonilla, Nicolás Gonzalez-Deleito, Agustín Cerdá, Silvia Alcoverro, Alejandro Negro and Carlos Ferrer advised US equity risk fund KPS on buying the European tinplate packaging division from Crown Holdings for €1.9 billion. Crown Holdings, one of the world’s leading manufacturers of cans and containers, will retain 20% ownership of former Mivisa.

Thanks to this transaction, KPS gains a privileged position in the European food and aerosols metal packaging market, particularly by acquiring former Mivisa, a traditional leader of the Spanish market. The transaction is expected to close in the third quarter of 2021.

These advisory services reflect the ability of the European Network—formed by Cuatrecasas, Chiomenti (Italy), Gide Loyrette Nouel (France), and Gleiss Lutz (Germany)—to offer comprehensive advice in continental Europe’s main jurisdictions. On this occasion, the network worked together with the law firms Macfarlanes (UK) and Stibbe (the Netherlands) under the coordination of law firm Paul Weiss, Rifkind, Wharton & Garrison.

April 22, 2021