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Apr 2021

Bernitsas Law advises Crown Holdings Inc on Greek leg of sale of majority stake to KPS Capital Partners

Bernitsas Law advised Crown Holding Inc on the Greek leg of its definitive agreement to sell 80% of its European Tinplate business to KPS Capital Partners LP for approximately €1.9bn.

Crown Holdings Inc is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. The European Tinplate business comprises 44 manufacturing facilities in 17 countries in Europe, the Middle East and Africa.

KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with over $12.3bn of assets under management (as of 31 December, 2020).

The Bernitsas Law team was led by Partners Lambros Belessis and Evi Kitsou. Counsel Katia Papantonopoulou led the team advising on Employment.