Press release |


ADVANT Beiten advised Sappi Limited on the divestment of graphic paper mills in three European countries

Munich/Frankfurt, 7 October 2022 – ADVANT Beiten is advising Sappi Limited ("Sappi") on the German law aspects of the contemplated sale and carve-out transaction involving Sappi's graphic paper mills in Stockstadt (Germany), Maastricht (the Netherlands) and Kirkniemi (Finland) with over 1,400 full-time employees combined to AURELIUS Investment Lux One S.à.r.l. ("Aurelius").

The transaction is structured as a share deal whereby Aurelius will acquire the specific legal entities, i.e. Sappi Stockstadt GmbH, Sappi Maastricht Real Estate B.V. (including its subsidiary Sappi Maastricht B.V.), Sappi Finland I Oy and Sappi Finland Operations Oy, which own and control the assets and liabilities of the individual mills.

The enterprise value of the transaction amounts to approximately EUR 272 million and the consideration consists of cash proceeds and retained receivables as well as retained liabilities. The transaction is expected to close in Q1 2023, subject to various standard suspensive conditions.

Sappi is a global leader in dissolving pulp and paper-based solutions, headquartered in Johannesburg, South Africa. It has over 12,000 employees, manufacturing facilities in ten countries spanning over three continents and customers in over 150 countries worldwide.

Advisors to Sappi Limited:

Advant Beiten: Dr Christoph Schmitt (Lead Partner; Banking & Finance) and Dr Markus Ley (Lead Partner, Corporate Law); Dr Mario Weichel and Maximilian Matusewicz (both Corporate Law); Dr Gerald Müller-Machwirth and Maike Pflästerer (both Employment Law); Katrin Lüdtke and Philipp Früh (both Public Law); Anja Fischer (Real Estate); Susanne Klein (IT Law and Data Protection) as well as Christoph Heinrich, Dr Christian Heinichen and Cathleen Laitenberger (all Antitrust and Competition Law).

Stibbe is advising on the Dutch law aspects and Fondia is advising on the Finnish law aspects of the transaction.

Media Contact
Frauke Reuther
Manager Kommunikation
ADVANT Beiten
+49 (69) 75 60 95 - 570
Frauke.Reuther@advant-beiten.com

Markus Ley
Rechtsanwalt
ADVANT Beiten
+49 (89) 35 0 65 - 1211
Markus.Ley@advant-beiten.com


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Experts

Dr. Markus_Ley_Experte_BEITEN_BURKHARDT

Dr Markus Ley

Rechtsanwalt

Partner

Dr. Christoph_Schmitt_Experte_BEITEN_BURKHARDT

Dr Christoph Schmitt

Rechtsanwalt

Partner

Dr. Mario_Weichel_Experte_BEITEN_BURKHARDT

Dr Mario Weichel

Rechtsanwalt

Partner

Dr. Gerald Peter_Müller-Machwirth_Experte_BEITEN_BURKHARDT

Dr Gerald Peter Müller-Machwirth

Rechtsanwalt, Licensed Specialist for Labour Law

Partner

Maike Pflästerer

Maike Pflästerer

Rechtsanwältin, Licensed Specialist for Labour Law

Partner

Katrin_Lüdtke_Experte_BEITEN_BURKHARDT

Katrin Lüdtke

Rechtsanwältin, Licensed Specialist for Administrative Law

Partner

Anja_Fischer_Experte_BEITEN_BURKHARDT

Anja Fischer

Rechtsanwältin, MBA

Partner

Susanne_Klein_Experte_BEITEN_BURKHARDT

Susanne Klein

Rechtsanwältin, LL.M., Licensed Specialist for Information Technology Law, external data protection officer (certified by TÜV Nord)

Partner

Christoph_Heinrich_Experte_BEITEN_BURKHARDT

Christoph Heinrich

Rechtsanwalt

Partner

Dr. Christian_Heinichen_Experte_BEITEN_BURKHARDT

Dr Christian Heinichen

Rechtsanwalt

Partner

Cathleen_Laitenberger_Experte_BEITEN_BURKHARDT

Dr Cathleen Laitenberger

Rechtsanwältin

Senior Associate