Allens Arthur Robinson (Allens) has advised Brambles on Australian law issues in connection with a transaction that will enable the company to expand its reusable plastic container operations worldwide and strengthen its pallet operations in the USA.
Brambles is a leading global provider of pallet and container pooling services through its CHEP business and information management services through its Recall business.
Under the proposed transaction, announced 15 November, Brambles intends to purchase Germany’s IFCO Systems (a provider of reusable plastic containers to the food supply chain worldwide and of pallet management services in the USA) from London-based buyout firm Apax Partners for Euro 923 million.
Brambles will fund the transaction with a mix of debt and equity.
The deal is subject to merger clearance approval in the USA and certain European countries and is expected to complete within nine months.
Partner Vijay Cugati said ‘We were delighted to have the opportunity to act for Brambles on this important acquisition.’
Allens acted as Australia legal adviser on corporate and banking aspects of the transaction.
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