IFLR1000

Berry Plastics Group $2.45 billion acquisition of AVINTIV

1/10/2015
Acquisition finance, Public acquisition
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$ 2.45 billion

Completed

1/10/2015

Overview:

  • Berry Plastics Group has completed its $2.45 billion acquisition of AVINTIV from private equity firm Blackstone.
  • AVINTIV develops and produces specialty materials for infection prevention and was acquired by Blackstone in 2011.
  • The deal was originally announced in July, 2015.
  • Bryan Cave (Louis Spelios) advised Berry Plastics.
  • Simpson Thacher & Bartlett advised AVINTIV and Blackstone.
  • Cahill Gordon & Reindel (Jennifer Ezring) represented the administrative agent and lead arrangers with regards to a $2.1 billion loan used by Berry Plastics to finance the purchase.

Kurt Stumpo - Journalist - North America and the Caribbean

Jurisdiction:

United States

Deal types:

Acquisition finance
Public acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sectors:

Consumer goods and services
Industrials and manufacturing

Firms:
Bryan Cave Leighton Paisner

Party: Berry Plastics Group (Acquirer)

Simpson Thacher & Bartlett

Party: Blackstone (Seller)

Party: AVINTIV (Target)

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