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

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 < /a>(the Netherlands) under the coordination of law firm Paul Weiss, Rifkind, Wharton & Garrison.