Slaughter and May advised Essentra plc on its placing of shares

Slaughter and May advised Essentra plc (Essentra) on its cashbox placing to raise gross proceeds of approximately £100m (the Placing).

The results of the Placing, which represented c.14% of the existing issued ordinary share capital of Essentra, were announced on 18 September 2020. It was conducted by an accelerated book-building process, with Jefferies International Limited and Peel Hunt LLP acting as joint global coordinators and bookrunners.

Approximately £50m of the net proceeds from the Placing will be used to fund the acquisition by Essentra of 3C! Packaging Inc., with the remaining c.£50m to be used to strengthen Essentra’s balance sheet.

Slaughter and May advised Essentra as a combined team with Paul, Weiss, Rifkind, Wharton & Garrison LLP who advised on matters of US law and Mourant Ozannes, who advised on matters of Jersey law.

Corporate
Jeff Twentyman Partner
Di Yu Associate
Kesten Laverty Associate
Jessica Stewart Associate

Tatiana Gavriliouk / Trainee, Raza Nazar / Trainee, Lauren Phare / Trainee

Financing
Philip Snell Partner
Jessica Richards Associate
Tax
William Watson Partner
Gabrielle Pereira Associate