Onex Corporation, advised by Bär & Karrer, has agreed to acquire SIG Combibloc Group for up to €3.75bn (£2.98bn); €3.575bn will be paid at the closing of the transaction, with an additional amount of up to €175m payable based on the financial performance of SIG in 2015 and 2016.
The transaction is anticipated to close in the first quarter of 2015, subject to customary conditions and regulatory approvals.
SIG is a supplier of carton packaging and filling machines for food and beverages.
Bär & Karrer acts as Swiss legal adviser to Onex Corporation and Latham & Watkins acts as international counsel to Onex Corporation.
The Bär & Karrer team is led by Thomas Rohde and includes Christophe Buchwalder (financing), Daniel Lehmann and Michael Abegg (both tax), David P Henry, Marc Poltéra, Fabienne Gribi, Linus Cathomas and Rebecca Schori (all M&A) and Christian Padrutt (corporate).