Kirkland & Ellis advised SK Capital Partners on entering into exclusive negotiations to sell IPACKCHEM, a global market leader in the production of high-performance plastic packaging, to Greif, Inc., a global leader in industrial packaging products and services, in a cash transaction valued at $538 million. The planned transaction is expected to close by the end of the second quarter of Greif’s 2024 fiscal year, subject to prior completion of the information-consultation processes under French law and closing conditions, including regulatory clearances.

The Kirkland team was led by corporate partners Vincent Ponsonnaille, Matthew Arenson, Guillaume Nivault and Justin Joffe and associates Marion Callot, Kenza Hamache and Amanda Levi-Acobas; debt finance partners Kalish Mullen and Kirsteen Nicol and associate Carla Bisoli; antitrust & competition partners Philipp Gnatzy and Thomas Wilson and associate Alexandre Rouhette; tax partner Sonia Bouaffassa and associate Louise Chappey; and international trade & national security partner Luci Hague and associate Erika Krum.