Baker McKenzie advised Orora Limited on the selling its Australasian Fiber Business to a wholly owned subsidiary of Nippon Paper Industries Co., Limited for an enterprise value of AUD 1,720 million (approx. €1,053 million).
Orora Limited established a strong and mature fiber packaging business in Australia and New Zealand through a comprehensive business model combining a wastepaper collecting system with cutting-edge corrugated base recycled paper manufacturing, highly automated cardboard production and the provision of fiber packaging-related materials and associated services. Nippon Paper is now well placed to deliver its own synergies to the business.
Nippon Paper Group is a leading, diversified international timber, pulp, paper, paperboard packaging and chemicals business with operations in Asia, Oceania, North and South America and Europe. Headquartered in Tokyo, Japan, Nippon Paper was founded in 1949.
The Baker McKenzie team was led by Peter Ickeringill (Picture) and also comprised Chris Taylor, Sarah Roughead, Richard Lustig, Steph Szkilnik, Kyle Fong, Georgina Foster, Meredith Gibbs, Sean Selleck, Sinan Alnajjar, Dora Stilianos, Kurt Fisher and Tetsuo Tsujimoto.
Involved fees earner: Sinan Alnajjar – Baker McKenzie; Kyle Fong – Baker McKenzie; Georgina Foster – Baker McKenzie; Meredith Gibbs – Baker McKenzie; Peter Ickeringill – Baker McKenzie; Richard Lustig – Baker McKenzie; Sarah Roughead – Baker McKenzie; Sean Selleck – Baker McKenzie; Dora Stilianos – Baker McKenzie; Stephanie Szkilnik – Baker McKenzie; Tetsuo Tsujimoto – Baker McKenzie;
Law Firms: Baker McKenzie;
Clients: Orora Limited;