Homburger advises Crown Holdings in the sale of its European Tinplate Business to KPS Capital Partners

On April 8, 2021, Crown Holdings, Inc. (NYSE: CCK) announced that it entered into a definitive agreement to sell its European Tinplate business to KPS Capital Partners, LP. Crown will receive pre-tax proceeds of approximately EUR 1.9 bn from the transaction and will retain a 20% ownership stake in the business.

The transaction is expected to close during the third quarter of 2021 and is subject to certain regulatory approvals and customary closing conditions.

Homburger acts as Swiss counsel to Crown with respect to the transaction. The Homburger team is led by partner Daniel Hasler (Corporate / M&A) and comprises partner Reto Heuberger (Tax), associates Marc Hanslin (Corporate / M&A), Ivan Marijanovic (Employment and Executive Compensation) and Philippe Gobet (Tax) as well as junior associates Daniel Bötticher and Géraldine Danuser (both Corporate / M&A).