Slaughter and May is advising RPC Group Plc (“RPC”) on a recommended final cash offer for RPC’s entire issued and to be issued share capital by Rome UK Bidco Limited, a company formed on behalf of funds managed by Apollo Management IX, L.P.
Under the offer, each RPC shareholder will be entitled to receive 782 pence in cash for each RPC share, valuing RPC’s issued and to be issued share capital at approximately £3.3 billion. The transaction is to be effected by way of scheme of arrangement and is expected to complete in the second quarter of 2019.
RPC is a leading international design and engineering company of plastic products for both packaging and selected non-packaging markets. It operates in 33 countries, employs approximately 25,000 people and serves a wide range of customers, including many blue-chip organisations across food and non-food packaging, personal and healthcare and other segments.