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Kekst & Co. is working with Australia’s Amcor Ltd. as it announced today a $6.8B stock deal to acquire consumer packaging rival Bemis Co. of Neenah, Wis.
Bemis, which has faced pressure to boost profits from activist investor Starboard Value, supplies packaging to healthcare companies and CPG giants such as Kraft-Heinz.
Amcor, which employs 35K employees in more than 40 countries, generated $9.1B in fiscal 2017 revenues.
Bemis had 16K workers and generated $4B in last year sales.
Amcor stockholders will own 71 percent of the combined entity that will have its primary listing on the New York Stock Exchange.
Kekst’s team is led by Jim Fingeroth, Daniel Yunger, Adam Weiner, Kirsten Chalke, Connor Moriarty and Simone Leung.
Joele Fank, Wilkinson Brimmmer Katcher’s Matthew Sherman and Sharon Stern represent Bemis.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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