Berry Global Group’s £3.3 Billion Acquisition of RPC Group plc

Freshfields Bruckhaus Deringer is advising Berry Global Group, Inc. on its recommended all-cash offer for RPC Group plc listed on the London Stock Exchange. Ashurst is advising Goldman Sachs and Wells Fargo on the transaction.

Berry is a Fortune 500 global manufacturer and marketer of plastic packaging products listed on the New York Stock Exchange. It has over 131 facilities and more than 23,000 employees across the world. For the financial year ended 29 September 2018, Berry’s revenue was US$7.9 billion.

RPC is a leading international design and engineering company of plastic products for both packaging and selected non-packaging markets. RPC operates in 33 countries and employs approximately 25,000 people. It is headquartered in England and operates throughout the UK, across mainland Europe, Africa, Asia and in the US. RPC’s shares are admitted to the premium segment of the Official List and to trading on the main market of the London Stock Exchange.

The acquisition values RPC at approximately £3.3bn and is conditional on the receipt of antitrust, shareholder and court approvals. It is expected to close early in the third quarter of 2019.

Goldman Sachs and Wells Fargo are acting as joint financial advisers to Berry in relation to the offer.

The Freshfields team is being led by partners Piers Prichard Jones and Alison Smith (picture) and senior associate Richard Johnson.

Ashurst is advising Goldman Sachs and Wells Fargo on the deal with a team led by partners James Fletcher, Tim Rennie and Tom Mercer assisted by senior associate Campbell Johnston and associate Harry Thimont. Global markets partner James Coiley is also advising on the transaction.

Involved fees earner: James Coiley – Ashurst; James Fletcher – Ashurst; Campbell Johnston – Ashurst; Tom Mercer – Ashurst; Tim Rennie – Ashurst; Harry Thimont – Ashurst; Richard Johnson – Freshfields Bruckhaus Deringer LLP; Piers Prichard Jones – Freshfields Bruckhaus Deringer LLP; Alison Smith – Freshfields Bruckhaus Deringer LLP;

Law Firms: Ashurst; Freshfields Bruckhaus Deringer LLP;

Clients: Berry Plastics Group, Inc.; Goldman Sachs; Wells Fargo;

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