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New Deal


Announced

Completed

The metal packaging business of Ardagh Group went public via a SPAC merger with Gores Holdings V in a $3.4bn deal.

Financials

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Transaction Value£2,421m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Reverse Takeover

Acquisition

Cross Border

Containers and Packaging

Private Equity

Majority

Luxembourg

packaging solutions

Merger

Friendly

Single Bidder

De-SPAC

Completed

Synopsis

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The metal packaging business of Ardagh Group, a global supplier of infinitely-recyclable metal beverage and glass packaging, went public via a SPAC merger with Gores Holdings V, a SPAC managed by Gores Group, a global private equity firm, in a $3.4bn deal. "We are delighted to partner with Gores Holdings V to create a NYSE-listed pure-play beverage can business of scale with impeccable ESG credentials, and we intend to remain a committed, long-term majority shareholder of AMP as it continues its growth journey," Paul Coulson, Ardagh Chairman and CEO.

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