Clifford Chance

Clifford Chance advises managers on USD 1.5 billion SIG Combibloc IPO

International law firm Clifford Chance acted as international counsel to the Joint Global Coordinators, Joint Bookrunners and Co-Lead Managers on aseptic carton packaging manufacturer SIG Combibloc Group's CHF 1.48 billion (USD 1.53 billion) initial public offering and listing on the SIX Swiss Exchange, valuing the business at approximately USD 3.7 billion.

The offering generated CHF 1.18 billion in gross proceeds for the company and CHF 303.8 million for the selling shareholders, comprised of entities affiliated with private equity firm Onex Corp. and members of management.

The matter was led by capital markets partners Adrian Cartwright and Per Chilstrom, assisted by senior associates David Jahoda and Drew Rundus, and associates Nnesochi Ajukwu and Nathan Krapivensky.