KPS to Acquire MM Group’s Packaging Business in €2.4 Billion Deal

Paul, Weiss is advising KPS Capital Partners on its acquisition of MM Packaging from Mayr-Melnhof Karton AG (MM Group) for an enterprise value of €2.4 billion. MM Packaging is an Austria-based global manufacturer of consumer packaging products in the food and beverage, pharmaceutical and healthcare, beauty and personal care and household care sectors. It is the world’s largest producer of secondary pharmaceutical packaging and a leading producer of folding cartons for food in Europe. Under the terms of the deal, MM Packaging will operate as a standalone company and retain the MM Packaging name; MM Group will retain 30% ownership of the business. 

The Paul, Weiss team is led by corporate partners Angelo Bonvino and Rohan Dey, and includes partners Neel Sachdev, Kanesh Balasubramaniam, Deirdre Jones, Matthew Merkle and Marco Bagnato; intellectual property partner John Patten and counsel Georgina Hoy; antitrust partner Ross Ferguson and counsel Fynn Dewald; tax partners Timothy Lowe, Jim Cole, Robert Killip and Jamie Chambers and counsel Richard Liu; litigation partners Nicole Succar and James Brower; executive compensation partner Linda Barrett; and environmental counsel William O’Brien.