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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.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
