Global law firm White & Case LLP is advising Huhtamäki Oyj, a global packaging company headquartered in Finland, on the €141 million divestment of its Films business to DBAG Fund VI, a fund advised by the private equity firm Deutsche Beteiligungs AG.
"White & Case is delighted to advise Huhtamäki on the divestment of its Films business," said White & Case partner Timo Airisto. "We have a long-standing relationship with Huhtamäki and are pleased to support them as the business continues its strategic focus on food packaging."
Huhtamäki Films manufactures and sells films that are used for technical applications across industries including hygiene and healthcare, building and construction, automotive, packaging and graphic arts. The Films business serves global markets from manufacturing units in Europe, Asia, North America and South America. The divestment is in line with Huhtamäki's growing strategic focus on food packaging.
The White & Case team was led by Helsinki-based partner Timo Airisto. He was assisted by associates Essi Lavikkala, Eerika Halme and Aatos Solhagen in Helsinki; partners Stefan Koch and Josef Grosse Honebrink and associate Ingrid Knollmeyer in Frankfurt; partners Nicholas Greenacre and Peita Menon, counsels Tallat Hussain and John Runeckles and associates Laura Hoyland and Sarah Taylor in London; partner Pontus Lindfelt and associates Sophie Sahlin and Alice Bernard in Brussels; and partner Daniel Latham and associate Matthew Hendy in New York.
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