Leaders Praise Synergy, Stability, and Strategic Vision
If the deal closes, Sealed Air will keep its headquarters in Charlotte, North Carolina.
CEO Dustin Semach said the acquisition will unlock “more rapid innovation, expanded capabilities and broader reach,” benefitting both customers and employees.
CD&R partner Rob Volpe echoed the sentiment, calling Sealed Air an “exceptional global business” with strong fundamentals and leadership.
Financing the $10.3B Acquisition
Equity financing is being supplied by investment funds linked to CD&R, while debt financing commitments poured in from a consortium led by J.P. Morgan Securities, BofA Securities, BNP Paribas, Goldman Sachs, UBS, and Wells Fargo. Additional commitments came from Citi, Mizuho and RBC Capital Markets.
On the advisory side, Debevoise’s team is led by partners Brett Novick and Jeffrey Ross, with Latham’s group headed by Peter Harwich and Leah Sauter. Details regarding the Kirkland team have yet to be released.
