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Willkie Farr & Gallagher LLP

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DGAP-News News vom 18.07.2017

Willkie Farr & Gallagher LLP: Willkie advises Constantia Flexibles on its sale of its Labels Division

DGAP-News: Willkie Farr & Gallagher LLP / Key word(s): Disposal

18.07.2017 / 18:59
The issuer is solely responsible for the content of this announcement.

On July 17, 2017 Constantia Flexibles announced it had entered into a definitive agreement to sell its Labels division to the US company Multi-Color Corporation ("Multi-Color"). The purchase price consist of a cash component as well as shares in Multi-Color.

The Constantia Flexibles Group is majority owned by the French investor Wendel S.A. Other investors are the Turnauer Foundation and the investor Maxburg Capital Partners.

Constantia Labels is a global supplier of labels to the beverage, food and home as well as personal care industries (HPC), with long-standing customer relationships with leading brands. It has 23 plants in 14 countries and has roughly 2,800 employees.

The transaction comprised work in 17 jurisdictions, the carve-out of the Constantia Labels division from the Constantia Flexibles Group and a share consideration in Multi-Color, resulting in, Constantia Flexibles becoming the largest shareholder of a listed US company.
The completion of the transaction is subject to the approval of the relevant antitrust authorities.

Transaction Advisors:
The Willkie team was led by Mario Schmidt and Dr. Axel Wahl (Corporate) and included the partners Georg Linde (Corporate), Dr. Christian Rolf (HR), Jan Wilms (Finance, all Frankfurt), Sebastian FitzGerald (Corporate, London), A. Mark Getachew (Corporate, New York), Susanne Zuehlke (Antitrust & Competition, Brussels), Dr. Bettina Bokeloh (Tax); Special European Counsel Nicolas Dominic Wolski (Tax, Frankfurt), and Associates: Johannes Eckhardt, Christina Mann, Wolfgang Münchow, Adrian Dengler, Erik Göretzlehner, Andreas Knödler, Miriam Wolffsky, Andreas Sandberger, Lukas Nein, Karsten Silbernagel (all Corporate, Frankfurt), Tim Bulian (HR, Frankfurt), Dr. Laura Pfirrmann, Christopher Clerihew (both Finance, all Frankfurt), Mamoun Shafi (Finance), Kate Luton, Henri Weil, Gerry Kelly (all Corporate, London), Albert T. Powers, Christine Centola (both Corporate, New York), Francesca Gentile (Antitrust & Competition), Diego Lambrecht, Zoè Janssen (both Corporate, all Brussels), Virginie Sayag, Loic Toilier and Camille Lautier (all Corporate, Paris).
Willkie Farr & Gallagher LLP is an international law firm, comprising more than 650 attorneys with offices in New York, Washington, Houston, Paris, London, Milan, Rome, Frankfurt and Brussels. The headquarters are in New York, 787 Seventh Avenue, Tel.: 001 212 728 8000.

Outside Consultants:
Binder Grösswang Rechtsanwälte GmbH (Austria), Lydian SCRL (Belgium), Mishcon de Reya LLP (Employment, London), Chassany Watrelot & Associés (Employment, France), Kinstellar, SPARL (Romania), Perez Llorca (Spain), Loyens & Loeff N.V. (Netherlands), Galicia Abogados, S.C. (Mexico), Webber Wentzel (South Africa), Ashurst (Australia), Skrine, Advocates & Solicitors (Malaysia), Zhong Lun Law Firm (China), Oentoeng Suria & Partners (Indonesia), Romulo Mabanta Buenaventura Sayoc & Delos Angeles (Philippines) and Drew & Napier LLC (Singapore).
Frankfurt am Main, July 18th, 2017

18.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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