Gerresheimer $725 million acquisition of Centor

Overview:

• German glass and plastics manufacturer Gerresheimer has completed its $725 million acquisition of US-based plastic vial producer Centor.
• Centor was sold by private equity firm Montagu.
• Both companies work closely with the pharmaceutical industry.
• The transaction was done entirely in cash and was debt financed.
• Gerresheimer agreed a €550 million term loan facility with currency option to bridge finance the takeover.
• McDermott Will & Emery (Michael Sartor, John Sullivan) advised Gerresheimer.
• Weil Gotshal & Manges (Shayla Harlev, David Aknin, Courtney Marcus) advised Montagu.

Kurt Stumpo - Journalist - North America and the Caribbean