Slaughter and May is advising Reynolds Group on the sale of the SIG Combibloc business to Onex Corporation for an aggregate amount of up to EUR 3.750 billion, subject to adjustments for cash and working capital.

EUR 3.575 billion will be paid to Reynolds Group upon completion of the transaction, with an additional amount of up to EUR 175 million payable depending on the financial performance of the SIG Combibloc business in 2015 and 2016.

SIG Combibloc is one of the world’s leading system suppliers of carton packaging and filling machines for beverages and food.

The transaction is anticipated to complete in the first quarter of 2015, subject to customary conditions and regulatory approvals.

CONTACTS

Corporate and Commercial: Nigel Boardman (partner), Mark Zerdin (partner), Nick Pacheco (associate), Tom O’Neill (associate), Chris Baird (associate); Tax: Gareth Miles (partner), Shofiq Miah (associate); Finance: Ed Fife (partner), Katie Best (associate), Oliver Wicker (associate), Chris Armstrong (associate); IP/IT: Cathy Connolly (partner), Hardip Shokar (associate), Marianne Helps (associate); Environmental: Sam Brady (associate), Victoria Watson (associate); Real Estate: Andrea Shepherd (associate); Pensions and Employment: Roland Doughty (partner), Lucy Duane (associate)