Paksoy, working alongside global counsel Gleiss Lutz, has advised global private equity investor Lindsay Goldberg on its acquisition of the Coveris Rigid rigid packaging business from Coveris Holdings. The seller was represented by Dechert.
The sale remains subject to regulatory approval.
Coveris is a portfolio company of Sun Capital Partners. According to Dechert, "upon the completion of the proposed sale, Coveris will be fully focused on the flexibles markets with 25 strategically located manufacturing facilities across five countries and over 3,800 employees."
Paksoy’s team advising Lindsay Goldberg on Turkish law aspects of the deal included Partner Togan Turan and Senior Associate Serdar Ildirar.
As lead counsel, Dechert coordinated the legal aspects of the sale process across 15 countries with a cross-office team operating from London, Brussels, Frankfurt, New York, and Paris. The Dechert team was led by London-based Partner Chris Field and included Partners John Markland and Jane Scobie and Associate Mark Evans.