IFLR1000

Loews $1.2 billion acquisition of Consolidated Container

11/4/2017
Public acquisition
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$ 1.2 billion

Announced

11/4/2017

Overview:

  • Conglomerate Loews has acquired Consolidated Container from private equity firm Bain Capital in a $1.2 billion deal.
  • Consolidated is a packaging solutions provider.
  • Bain acquired Consolidated in 2012.
  • The deal is being financed through a combination of 50% available cash and 50% debt.
  • The transaction is expected to close in the second quarter of 2017.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Industrials and manufacturing

Firms:
Davis Polk & Wardwell

Party: Loews (Acquirer)

Lawyers: Brian Wolfe, Joseph Hall, Sartaj Gill

Kirkland & Ellis

Party: Bain Capital (Seller)

Lawyers: Christopher Thomas, Joshua Korff

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