London — Mayer Brown's Private Equity team advised The Halifax Group in a transaction that sees Sonoco (NYSE: SON), one of the most diversified global packaging companies, sign an agreement to sell its European contract packaging business to Prairie Industries Holdings, a portfolio company of The Halifax Group. The transaction is subject to normal closing requirements and is expected to be completed in the next 30 to 60 days.
The team previously advised The Halifax Group on its sale of Pirtek Europe in November 2018.
Perry Yam, partner and co-leader of Mayer Brown's global Corporate & Securities practice, said: “We were delighted to be instructed by David Calder and his team and we look forward to many more opportunities to work together. Halifax are a meaningful and valued client of our global private equity practice."
James West, London Private Equity partner at Mayer Brown, said: “It has been great to work with David and the team at The Halifax Group again on a deal that delivers on its mission to recapitalize and grow lower middle-market businesses.”
The Mayer Brown team was led by partners Perry Yam and James West and included: Corporate & Securities senior associate Katrina Murphy; Employment & Benefits partner Miriam Bruce and associate George Aldous, Intellectual Property partner Mark Prinsley and associate Reece Randall (all London); Tax Transactions & Consulting partner Steven Garden and associate Andre Smith; Banking & Finance partner Beth Vogel, associate Nicole Goodman and staff attorney Brigid Leahy (all Chicago). Rebecca Bothamley, Corporate & Securities partner in London, provided advice on W&I insurance.
Mayer Brown's leading global Private Equity practice has dedicated lawyers in the Americas, Asia, Europe and the Middle East, who advise on all aspects of private equity transactions.