DLA Piper has advised Fipar-Holding, a long-term investment fund, on the sale of its 20.70% stake in Eviosys Packaging Maroc (formerly Carnaud Maroc) to Eviosys Embalajes España. The transaction will strengthen Eviosys’ presence in Morocco and international markets and is part of the acquisition of the Eviosys Group by Sonoco Products Company, a world leader in packaging solutions.
Eviosys is a leading global supplier of metal packaging, producing food cans, ends, aerosol cans, metal closures, and promotional packaging for several consumer brands. Fipar-Holding has actively supported the growth and modernisation of Eviosys Packaging Maroc, enabling the company to consolidate its role as leader in metal packaging in Morocco.
A team from DLA Piper’s Casablanca office worked on the transaction led by Christophe Bachelet, partner and Country Managing Partner, DLA Piper Morocco. He was supported by Senior Associate Kenza Belrhiti Alaoui (Corporate).
Christophe Bachelet said: “This transaction marks an important milestone for Eviosys as it positions itself for accelerated growth both domestically and internationally. The sale of the stake leaves Eviosys well-placed to enhance its market presence and leverage new opportunities in the sector.”
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 15 consecutive years and two years in Africa and the Middle East, according to Mergermarket, and ranked as a top five most active VC legal advisor in the US and number one in VC, PE and M&A in combined global deal volume according to PitchBook.
