Lindsay Goldberg’s €700 Million Acquisition of Coveris Holdings Global Rigid Business


Rothschild & Co and Lincoln International are serving as financial advisors and Dechert LLP are acting as legal advisors to Coveris.


Coveris Holdings S.A. (“Coveris” or “the Company”), a premier global packaging manufacturer, today announced that it has entered into exclusive negotiations with Funds advised by Lindsay Goldberg LLC to sell its Global Rigid Business (“Global Rigid”) for a total consideration of €700m. The proposed sale is subject to customary regulatory approvals. Global Rigid generated sales for the year ended December 31, 2017 of approximately €560 Million.

Upon a completion of the proposed sale, Coveris will be fully focused on the flexibles market and it will have manufacturing facilities in 5 countries, 25 strategically located facilities and over 3,800 employees. Pro forma for the sale of the Global Rigid business, the Company’s remaining operations generated sales for the year ended December 31, 2017 of approximately €800 Million.

Dechert LLP advised Coveris Holdings S.A. with a team including Chris Field (Picture), finance partner John Markland, tax partner Jane Scobie and corporate associate Mark Evans.

Involved fees earner: Christopher Field – Dechert; Mark Evans – Dechert; John Markland – Dechert; Jane Scobie – Dechert;

Law Firms: Dechert;

Clients: Coveris Holdings S.A.;