Simpson Thacher is advising Sabert Holding Corp. (“Sabert”) in connection with its announced acquisition by Butterfly Equity (“Butterfly”). The financial terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and is expected to close in Q4 2026.
Founded in 1983 and headquartered in Sayreville, New Jersey, Sabert is a scaled food packaging platform with capabilities across plastic, paper and molded fiber. Butterfly Equity is a Los Angeles-based private equity firm specializing in the food and beverage sector.
The Simpson Thacher team includes Jakob Rendtorff, William Lay, Wang Chen and Benjamin Bouwer (M&A); Drew Purcell, Benjamin Bressler and Jacob Kennedy (Tax); Andrew Blau and Kait Hulbert (Executive Compensation and Employee Benefits); Eli Isak, Dennis Durkin and Ryan Callahan (Credit); Ron Ben-Yehuda and Christina Breitbeil (Intellectual Property, Privacy and Cybersecurity); Krista McManus (Real Estate); Toby Chun and Logan Lineberry (Environmental, Health and Safety); Peter Guryan, Rick Jamgochian, Kelly Karapetyan, and Conner Dwinell (Antitrust); and Vanessa Burrows, Alison Peters and Jacob Madden (Healthcare).