RIXIUS: Berlin Packaging's Latest Acquisition Advances European Growth Strategy
Deal News | Nov 21, 2024 | Legal Community Germany
Berlin Packaging, the world's largest hybrid packaging supplier, is set to acquire RIXIUS AG, a German company specializing in rigid packaging for industrial markets. This acquisition marks Berlin Packaging's initial investment in Germany as part of its European expansion strategy. The company is a portfolio holding of Oak Hill Capital Partners and the Canada Pension Plan Investment Board. BWK, having held the primary shareholder position in RIXIUS since 2007, will exit following the transaction's completion. Baker McKenzie has provided comprehensive legal counsel to Berlin Packaging, leveraging its full-service capabilities. The transaction, currently subject to standard closing conditions, is anticipated to conclude by the end of 2024.
Sectors
- Packaging
- Private Equity
- Legal Services
Geography
- United States – Berlin Packaging is based in Chicago, indicating a U.S. involvement.
- Germany – RIXIUS AG is a German supplier and the target of the acquisition, highlighting Germany as a key geographic focus.
- Canada – The Canada Pension Plan Investment Board is a key investor, representing Canadian interests in the transaction.
Industry
- Packaging – Berlin Packaging is involved in the packaging industry, specifically in glass, plastic, and metal containers and closures.
- Private Equity – Oak Hill Capital Partners and the Canada Pension Plan Investment Board, involved with Berlin Packaging, are participants in the private equity industry.
- Legal Services – Baker McKenzie, involved in providing legal advice to Berlin Packaging, represents the legal services industry.
Financials
- Not disclosed – The article does not specify the financial terms of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Berlin Packaging | Bidding Company | Company | World's largest hybrid packaging supplier, involved in acquiring RIXIUS AG. |
| RIXIUS AG | Target Company | Company | German supplier specializing in rigid packaging for industrial markets. |
| Baker McKenzie | Legal Advisor | Company | Provided comprehensive legal advice to Berlin Packaging for the transaction. |
| Oak Hill Capital Partners | Investment Firm | Company | Private equity firm and investor in Berlin Packaging. |
| Canada Pension Plan Investment Board | Investment Firm | Company | Institutional investor in Berlin Packaging. |
| BWK | Selling Company | Company | German investment firm and main shareholder of RIXIUS AG, exiting post-transaction. |
| Daniel Dehghanian | Lead Partner | Person | Lead partner at Baker McKenzie for advising Berlin Packaging. |