Debevoise Advises CD&R in Acquisition of Kalle

29 April 2016

The London office of Debevoise & Plimpton LLP has advised Clayton Dubilier & Rice (CD&R) in its acquisition of Kalle GmbH (Kalle).

Bank of Ireland, ING, UniCredit, BNP, HSBC, SG, CACIB, SMBC and Oaktree have committed to providing debt financing for the transaction.

Debevoise advised CD&R on financing and tax aspects of the deal.

Founded in 1978, Clayton, Dubilier & Rice invests in European and U.S-based businesses. Since inception, CD&R has managed the investment of $21 billion in 66 companies representing a broad range of industries with an aggregate transaction value of approximately $100 billion.

Kalle manufactures and supplies casings for the protein-processing industry, including pork, beef, poultry and vegan protein categories. With operations across nine countries, the company generated 2015 revenues of more than €281 million.

The Debevoise team advising CD&R was led by London finance partner Alan Davies and included associates Julia Keppe, Gregg Young and Felix Paterson. Tax advice was provided by London partner Matthew D. Saronson and international counsel Cécile Beurrier.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.