Kirkland & Ellis, Baker McKenzie and Debevoise & Plimpton have acted on the sale of Orora Packaging Solutions (OPS) to Veritiv Corporation for AUD1.775 billion (USD1.2 billion).
This divestment positions Orora to receive around AUD1.687 billion (USD1.1 billion) in net proceeds post-tax and transaction adjustments.
Kirkland & Ellis is counselling Veritiv, with partners Rick Campbell, Chris Elder, Kyle Elder and Ziyad Ziyadzade leading the team. Partners Mike Carew and Nick Warther handled tax matters, while partners Aaron Lorber and Amy Barber led the team dealing with technology and IP issues. Debevoise & Plimpton is also advising Veritiv, with partners Brett Novick and Scott Selinger and Steven Slutzky.
Baker McKenzie is acting for Orora, with partners Rick Troiano, David Malliband and Erika López leading the team on this transaction.
Veritiv is a US-based B2B distributor of publishing and facility products, and a provider of logistics and supply chain management solutions. OPS is a division of Australia-based Orora, that specialises in packaging products, systems and services.
