KPS Capital Partners, LP has announced the sale of its portfolio company Eviosys to Sonoco Products Company for €3.615 billion ($3.9 billion). Eviosys, a global supplier of metal packaging, operates 44 manufacturing facilities across Europe, the Middle East, and Africa (EMEA). The company has been under KPS’s ownership since August 2021 when it was acquired from Crown Holdings, Inc. in a large corporate carve-out. Since then, KPS has invested €225 million to transform Eviosys into an independent and profitable entity. The transaction is expected to finalize by the end of 2024, pending regulatory approvals and other customary conditions. Rothschild & Co advised KPS on the transaction while Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal counsel. On the other side, Sonoco was advised by Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC and represented legally by Freshfields Bruckhaus Deringer LLP.

Private Equity, Packaging, Mergers and Acquisitions,United States, Europe, Middle East, Africa (EMEA)