Clifford Chance advises Mondi Group on its acquisition of Beepack
24 October 2016
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Clifford Chance advises Mondi Group on its acquisition of Beepack
Clifford Chance Moscow have advised Mondi Group, an international packaging and paper group, on its acquisition of 100% of the outstanding share capital of LLC Beepack (“Beepack”) from a private investor for a consideration of EUR41 million on a debt-and-cash-free basis.
Beepack’s plant in Lebedyan (Lipetsk region of Russia, around 400 km south of Moscow) makes a range of corrugated packaging trays and boxes for food and agricultural products including beverages, fruit and vegetables, poultry and dairy. Customers include local Russian and international producers. For the year ended 31 December 2015 Beepack generated revenues of EUR41 million and adjusted EBITDA of EUR7 million.
The Clifford Chance team working on the deal included Marc Bartholomy, Nick Diakoumis, Kamilla Shikhametova and Anastasia Serebrennikova.
Marc Bartholomy, Head of the corporate practice Clifford Chance's Moscow office, commented: "We were very pleased to assist Mondi Group on the transaction. The acquisition of Beepack will extend the company's presence in central and Eastern Europe and improve their offering to customers in this market.”