A cross-border, multidisciplinary deal team from Willkie’s Frankfurt, Paris, London, Brussels and New York offices represented Wendel in the transaction, which valued Constantia Flexibles at €2.3 billion.
On March 26, Willkie client Wendel, the Paris-listed private equity firm, completed the acquisition of a majority interest in Constantia Flexibles, one of the world leaders in flexible packaging. Wendel valued Constantia Flexibles at €2.3 billion or approximately nine times the estimated 2014 EBITDA. Wendel will support Constantia Flexibles over the long term as the majority shareholder alongside significant minority shareholders.
Headquartered in Vienna, the Constantia Flexibles group produces flexible packaging and labeling solutions, principally for the food, pet food, pharmaceuticals and beverage industries. With more than 8,000 employees at 43 industrial sites across 18 countries, the company sells its products in over 115 countries.