Simpson Thacher is representing KKR in connection with a proposed acquisition of Goodpack Limited (SGX: Goodpack), a Singapore-based company which is the world’s largest provider of multi-modal, reusable metal box systems known as intermediate bulk containers. Pursuant to the scheme of arrangement entered into between Goodpack and IBC Capital Limited, a company held by a fund affiliated with and advised by KKR, all issued ordinary shares in Goodpack held by the shareholders of Goodpack will be transferred to IBC Capital Limited. Goodpack’s shareholders will be entitled to S$2.50 per share in cash, a price which values Goodpack at approximately S$1,399 million.
The Simpson Thacher team working on the transaction includes: Katie Sudol, Ian Ho and Matthew Schwartz (M&A); Sinead O’Shea, Jackie Kahng and Preeta Paragash (Financing – Hong Kong); Chris Bell (Financing – New York); Katharine Moir and Noah Metz (Tax); Jennifer Pepin and Joo Hyun Lee (Employee Benefits); Jim Russell (Intellectual Property); Joyce Xu, Diona Park and Shanita Nicholas (Derivatives); and David Vann Jr., Etienne Renaudeau and Tara Kelly (Antitrust).
