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Coca-Cola European Partners advised on acquisition

Coca-Cola European Partners is looking to acquire Australian-listed company Coca-Cola Amatil.

user iconJerome Doraisamy 30 October 2020 Big Law
Coca-Cola European Partners advised on acquisition
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Firm: Corrs Chambers Westgarth, in conjunction with Slaughter and May (Coca-Cola European Partners).

Deal: Under the terms of the proposal, CCEP will acquire 69.2 per cent of CCA’s existing share capital from its independent shareholders, by way of an Australian scheme of arrangement and will enter into separate arrangements to acquire the remaining 30.8 per cent interest held by The Coca-Cola Company.

Value: Equity value of $7.8 billion, enterprise value of $10.8 billion.

Area: M&A.

Key players: The Corrs team is being led by partners Sandy Mak and Adam Foreman and the Slaughter and May team by partners Roland Turnill and Rob Innes. The firms are supporting CCEP’s legal department, led by Clare Wardle (general counsel and company secretary), Paul van Reesch (vice-president of legal, corporate) and Jane Wang (director, corporate legal).

Deal significance: The proposed transaction, Corrs said in a statement, would “create a broader and more balanced footprint for CCEP, whilst almost doubling its consumer reach”.

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: jerome.doraisamy@momentummedia.com.au 

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