The Firm is representing Blackstone and AVINTIV Inc. in connection with Blackstone’s sale of AVINTIV to Berry Plastics Group, Inc. (NYSE: BERY) for approximately $2.45 billion in cash on a debt-free, cash-free basis.
AVINTIV is one of the world’s leading developers, producers, and marketers of specialty materials used in infection prevention, personal care, and high-performance solutions.
The Simpson Thacher team includes Daniel Layfield, Isaac Gruber, Kalliope Kefallinos and Joey Mayer (M&A); Grenfel Calheiros (Corporate, Brazil); Alden Millard and Brian Gluck (Credit); Katerina Kousoula, Alexander Muller and John O’Connell (Capital Markets); Gary Mandel, Andrew Purcell and Michael Badain (Tax); Gregory Grogan and Jennifer Pepin (Executive Compensation and Employee Benefits); Adeeb Fadil and Noreen Lavan (Environmental); Peter Guryan, Ellen Frye and Michael Naughton (Regulatory); and Genevieve Dorment (Intellectual Property). Summer associate Robert LiCalzi also provided valuable assistance.