Clifford Chance acts for funds advised by CVC Asia Pacific Limited on disposal of Malaysian paper and packaging business

Hong Kong: LawFuel.com – Leading international law firm Clifford Chance has acted for Spare Holdings Limited (an entity controlled by funds advised by CVC Asia Pacific Limited) on the disposal of its entire interest in GS Paper and Packaging (GSPP) to Japan’s Oji Paper Co. Ltd, one of the world’s largest paper companies.

The interest in GSPP, Malaysia’s largest manufacturer of paperboard was acquired in 2007. The transaction was one of the first true 100 per cent leveraged buyouts in Malaysia.

“We are pleased to have advised on yet another important transaction in Asia Pacific,” said partner Andrew Whan, who led the team.

“This deal is indicative of the momentum we are now seeing in private equity transactions, as buyers and sellers return to the market in earnest. I expect to see more deals of this kind this year, especially within Asia, as regional companies look to make strategic acquisitions and disposals in a more stable economic climate.”

Andrew was assisted on the transaction by counsel Neeraj Budhwani and associates Nicole McMahon and Derek Hung. Partner Matt Truman and associate Andrew Husdan advised on the financing aspects of the transaction. All are based in Hong Kong.

Scroll to Top