King & Wood Mallesons SJ Berwin has advised CEREA Partenaire, including the group's Hungarian industrial partner, Chemark, on the acquisition of Speciality Chemical Packaging from Irving Place Capital and Oaktree Capital Management.
CEREA Partenaire is a leading private equity investor specializing in agribusiness and related sectors that has carried out 49 investments since its creation in 2004, and invested, with its co-investors, more than EUR 400 million.
Specialty Chemical Packaging is the former division of Chesapeake, a global provider of paper, cardboard and plastic packaging and is the European leader in barrier plastic packaging used mainly in the transport and storage of agrochemical products. The company reached a turnover of approximately EUR 50 million and employs 200 people in Europe.
This carve-out process will allow the group to deploy its resources in new areas with strong agricultural activity, in particular Brazil and Russia.
The King & Wood Mallesons SJ Berwin team was composed of Partners Thomas Maitrejean and Ylan Steiner and Associates Thomas Dupont and Benjamin Thorez for Corporate; Partners Raphael Bera and Gareth Amdor and Associate Thomas Guillier on Tax aspects; and Partner Olivier Vermeulen and Associates Marc Zerah and Margaux Baratte on Finance aspects.