Carton Pack acquires Clifton Packaging in packaging industry move
Deal News | Dec 02, 2024 | Legal Community Italy
Chiomenti, along with several legal firms, has successfully assisted Carton Pack, an Italian packaging company, in acquiring Clifton Packaging Group, a UK-based leader in innovative flexible food packaging solutions. Clifton Packaging was part of the portfolio of private equity firm A&M Capital Europe. This transaction marks Carton Pack's sixth acquisition since 2020, demonstrating the company's strategic expansion in the packaging industry. Clifton Packaging will continue its operations under the leadership of CEO Shane D'Souza, ensuring continuity and execution of strategic initiatives. Chiomenti's team, led by Salvo Arena and Christopher Mullen, provided corporate legal advice, while Charles Russell Speechlys, Weil Gotshal & Manges, and PedersoliGattai, under Lorenzo Vernetti's leadership, focused on English and Italian law aspects. This acquisition signifies a significant move in the packaging sector, supported by robust legal groundwork to facilitate cross-border operations and compliance with multinational regulations.
Sectors
- Packaging Industry
- Private Equity
- Legal Services
Geography
- Italy – Home country of Carton Pack, the acquiring company in this transaction.
- United Kingdom – Location of Clifton Packaging, the target company in this acquisition.
Industry
- Packaging Industry – The article discusses the acquisition of Clifton Packaging by Carton Pack, focusing on their operations in the innovative food packaging solutions space.
- Private Equity – A&M Capital Europe, a private equity firm, plays a significant role in the transaction by holding Clifton Packaging in its portfolio.
- Legal Services – Multiple legal firms, including Chiomenti, provided legal assistance in various aspects of this cross-border acquisition, showcasing the role of legal services in M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carton Pack | Acquiring Company | Company | An Italian company specializing in packaging for the food industry. |
| Clifton Packaging Group | Target Company | Company | A UK-based company specializing in innovative flexible food packaging solutions. |
| A&M Capital Europe | Private Equity Firm | Company | The private equity firm holding Clifton Packaging in its portfolio. |
| Chiomenti | Legal Advisor | Company | Provided corporate legal advice to Carton Pack. |
| Charles Russell Speechlys | Legal Advisor | Company | Assisted with aspects of English law. |
| Weil Gotshal & Manges | Legal Advisor | Company | Assisted with English and Italian law aspects related to financing. |
| PedersoliGattai | Legal Advisor | Company | Assisted with English and Italian law aspects related to financing. |
| Shane D'Souza | CEO of Clifton Packaging Group | Person | Continues to lead Clifton Packaging under the new ownership of Carton Pack. |