Deals & Cases

Homburger advises Crown Holdings in the acquisition of the Signode Group

On December 19, 2017, Crown Holdings, Inc. (NYSE: CCK) (Crown) announced that it has reached an agreement with The Carlyle Group, a global alternative asset manager with USD 174 bn of assets under management as of September 30, 2017, to acquire Signode Industrial Group Holdings (Bermuda) Ltd. (Signode) for a total cash consideration valued at USD 3.91 bn. The closing of the acquisition is subject to certain conditions and the approvals of the competent authorities.

Signode is the holding company of a leading global provider of transit packaging systems and solutions with operations in several jurisdictions across six continents, including Switzerland. For the twelve months ended November 30, 2017, Signode generated adjusted EBITDA in the amount of approximately USD 384 m.

Homburger advises Crown on the Swiss law aspects of the transaction. The Homburger team is led by partner Daniel Hasler (Corporate / M&A) and includes associate Marie Jenny (Corporate / M&A).