Simmons & Simmons is advising RBC Capital Markets as sponsor, Deutsche Bank, Panmure Gordon as joint global co-ordinators and, together with Barclays, joint bookrunners on a £232.6m rights issue in RPC Group Plc, the international rigid plastic packaging supplier to the food and non-food, consumer and industrial markets, as part of the funding for its proposed €650m (£470m) acquisition of GCS Group, a global manufacturer of closure and dispensing systems for packaging products.

This is the fourth equity fundraising and acquisition on which the firm has advised RPC Group’s financial advisers and underwriters since its 2010 rights issue and acquisition of Superfos.

The Simmons & Simmons team is being led by corporate partner Chris Horton and is comprised of US securities partner Julian Perlmutter, corporate supervising associate Tim Wass, US securities associate Daniel Maalo and corporate trainees Daniel King and Camilla Jessel. Tax advice was provided by tax partner Nick Cronkshaw and tax associate Laura Allwright.