Oaktree Capital Management’s Acquisition Of Mayr-Melnhof Group’s Virgin Fibre Carton Plants

CMS advised Oaktree Capital Management, L.P. on the deal. Freshfields advised Mayr-Melnhof.

Oaktree is seeking to acquire two virgin fibre carton plants from the Mayr-Melnhof Group (“MM”) in Eerbeek (the Netherlands) and Baiersbronn (Baden-Württemberg, Germany). The purchase price is around EUR 105 million, plus net debt as per the final closing accounts. MM is regarded as a leading manufacturer of cartonboard and folding cartons in Europe. Following the disposal, the company intends to focus on new acquisitions and growth investments. The transaction is subject to certain conditions, with closing expected in the third quarter of this year. In particular, there will be a consultation process involving workers’ representatives.

The CMS team included Dr Maximilian Grub (Picture), Lead Partner, Stuttgart, Dr Tobias Grau, Lead Partner, Stuttgart, Dr Markus Pfaff, Client Relationship Partner, Frankfurt, Banking & Finance, Dr Sabina Krispenz, Principal Counsel, Stuttgart, Dr Christoph Vaske, Senior Associate, Frankfurt, Susanne Waldhans, Senior Associate, Stuttgart, Simone Philipp, Senior Associate, Stuttgart, all Corporate/M&A, Dr Axel Funk, Partner, Stuttgart, IT Transfer/TMC, Julia Dönch, Partner, Stuttgart, Robin Schmitt, Associate, Stuttgart, both Intellectual Property, Dirk Loycke, Partner, Stuttgart, Commercial, Dr Oliver Simon, Partner, Stuttgart, Dr Michael Rein, Principal Counsel, Stuttgart, both Labor, Employment & Pensions, Kai Neuhaus, Partner, Brussels, Dr Björn Herbers, Partner, Brussels, Moritz Pottek, Senior Associate, Brussels, all Merger Control/Competition & EU, Andrea München, Partner, Frankfurt, Christopher Heckel, Senior Associate, Frankfurt, Alisa Brehm, Associate, Frankfurt, all Banking & Finance, Dr Ursula Steinkemper, Partner, Stuttgart, Dr Clara Volker, Senior Associate, Hamburg, both Real Estate & Public, Dr Daniel Kaiser, Partner, Stuttgart, Dr Martin Mohr, Counsel, Stuttgart, both Tax, Birgit Wagner, Senior Legal Consultant, Berlin, Anke Clippingdale, Legal Consultant, Berlin, Edris Trabzadah, Legal Consultant, Berlin, all Smart Operations, Roman Tarlavski, Lisanne van der Velden, Bob Barnhoorn, Robert Jong, all Corporate/M&A, Eduard Scheenstra and Jenny Noordermeer, both Banking & Finance.

The Freshfields team included Farid Sigari-Majd (Partner – Lead), Michal Dobrowolski (Counsel) und Olga Stürmer (Partner), Harald Spruit (Partner), Till Burmeister (Principal Associate), Thomas Hornberger (Associate), Justin Locke (Associate, Wien), Tobias Dreßler (Associate), Vivianne van der Hauw (Associate), Stephan Pachinger (Partner) Benedikt Graf (Associate), Florian Klimscha (Partner), Franz Tengg (Principal Associate), Gernot Fritz (Principal Associate), Boris Klimpfinger (Associate), Estella Dannhausen (Associate), Alvaro Pliego Selie (Counsel), Bart Verheijen (Associate), Brechje Nollen (Partner), Frank Schaer (Counsel), Leonhard Prasser (Principal Associate), Philipp Knoll (Principal Associate), Julia Van Heusden (Associate), Lutz Riede (Counsel), Matthias Hofer (Principal Associate), Iris Amschl (Associate), David Beutel (Partner), Katharina Kubik (Principal Associate), Lukas Allram (Senior Associate), Magnus Bleifeld (Principal Associate), Martin Rehberg (Principal Associate).

The inhouse at MM was led by Christian Ruthner (Head of Business Development) and Elvira Schmid (Head of Legal).

Involved fees earner: Moritz Pottek – CMS DeBacker; Bob Barnhoorn – CMS Derks Star Busmann; Robert Jong – CMS Derks Star Busmann; Jenny Noordermeer – CMS Derks Star Busmann; Eduard Scheenstra – CMS Derks Star Busmann; Roman Tarlavski – CMS Derks Star Busmann; Lisanne van der Velden – CMS Derks Star Busmann; Julia Dönch – CMS Hasche Sigle; Axel Funk – CMS Hasche Sigle; Tobias Grau – CMS Hasche Sigle; Maximilian Grub – CMS Hasche Sigle; Christopher Heckel – CMS Hasche Sigle; Björn Herbers – CMS Hasche Sigle; Daniel Kaiser – CMS Hasche Sigle; Sabina Krispenz – CMS Hasche Sigle; Dirk Loycke – CMS Hasche Sigle; Martin Mohr – CMS Hasche Sigle; Andrea München – CMS Hasche Sigle; Kai Neuhaus – CMS Hasche Sigle; Markus Pfaff – CMS Hasche Sigle; Simone Philipp – CMS Hasche Sigle; Michael Rein – CMS Hasche Sigle; Robin Schmitt – CMS Hasche Sigle; Oliver Simon – CMS Hasche Sigle; Ursula Steinkemper – CMS Hasche Sigle; Christoph Vaske – CMS Hasche Sigle; Clara Volkert – CMS Hasche Sigle; Susanne Waldhans – CMS Hasche Sigle; Lukas Allram – Freshfields Bruckhaus Deringer LLP; Iris Amschl – Freshfields Bruckhaus Deringer LLP; David Beutel – Freshfields Bruckhaus Deringer LLP; Magnus Bleifeld – Freshfields Bruckhaus Deringer LLP; Till Burmeister – Freshfields Bruckhaus Deringer LLP; Estella Dannhausen – Freshfields Bruckhaus Deringer LLP; Michal Dobrowolski – Freshfields Bruckhaus Deringer LLP; Tobias Dreßler – Freshfields Bruckhaus Deringer LLP; Gernot Fritz – Freshfields Bruckhaus Deringer LLP; Benedikt Graf – Freshfields Bruckhaus Deringer LLP; Matthias Hofer – Freshfields Bruckhaus Deringer LLP; Thomas Hornberger – Freshfields Bruckhaus Deringer LLP; Boris Klimpfinger – Freshfields Bruckhaus Deringer LLP; Florian Klimscha – Freshfields Bruckhaus Deringer LLP; Philipp Knoll – Freshfields Bruckhaus Deringer LLP; Katharina Kubik – Freshfields Bruckhaus Deringer LLP; Justin Locke – Freshfields Bruckhaus Deringer LLP; Brechje Nollen – Freshfields Bruckhaus Deringer LLP; Stephan Pachinger – Freshfields Bruckhaus Deringer LLP; Leonhard Prasser – Freshfields Bruckhaus Deringer LLP; Martin Rehberg – Freshfields Bruckhaus Deringer LLP; Lutz Riede – Freshfields Bruckhaus Deringer LLP; Frank Schaer – Freshfields Bruckhaus Deringer LLP; Alvaro Pliego Selie – Freshfields Bruckhaus Deringer LLP; Farid Sigari-Majd – Freshfields Bruckhaus Deringer LLP; Harald Spruit – Freshfields Bruckhaus Deringer LLP; Olga Stürmer – Freshfields Bruckhaus Deringer LLP; Franz Nikolaus Tengg – Freshfields Bruckhaus Deringer LLP; Vivianne van der Hauw – Freshfields Bruckhaus Deringer LLP; Julia Van Heusden – Freshfields Bruckhaus Deringer LLP; Bart Verheijen – Freshfields Bruckhaus Deringer LLP;

Law Firms: CMS DeBacker; CMS Derks Star Busmann; CMS Hasche Sigle; Freshfields Bruckhaus Deringer LLP;

Clients: Mayr-Melnhof Karton; Oaktree Capital Management;

Author: Federica Tiefenthaler