Top 10 Legal Advisors in Packaging Industry in the World in 2022 by Deal Value
Clifford Chance LLP, DLA Piper LLP, Davis Polk & Wardwell LLP, Cleary Gottlieb Steen & Hamilton LLP, and Mannheimer Swartling Advokatbyra AB are among the top 5 legal advisors in the packaging industry in 2022 by deal value. Philip Morris International-Swedish Match was a major deal in the Packaging sector in 2022. Davis Polk & Wardwell LLP, Simpson Thacher & Bartlett LLP, Clifford Chance LLP, DLA Piper LLP, and Roschier Advokatbyra AB served as legal advisors to Philip Morris, while Cleary Gottlieb Steen & Hamilton LLP Kanter Advokatbyra KB and Mannheimer Swartling Advokatbyra AB served as legal counsel to Swedish Match AB. Philip Morris Holland Holdings B.V., an affiliate of Philip Morris International Inc. (PMI), has completed the acquisition of Swedish Match AB (Swedish Match), a public limited company, for a consideration of $17,326.93 million. Maag-HKScan Estonia, HKScan Latvia, and HKScan Lietuva was one of the major deals in the Packaging sector in 2022. Cobalt Inc and DLA Piper LLP served as legal advisors to HKScan Estonia, while Ellex Valiunas served as legal advisor to AS Maag Grupp. HKScan has signed an agreement to sell the shares in its Baltic subsidiaries AS HKScan Estonia, AS HKScan Latvia, and UAB HKScan Lietuva, together comprising the Business Unit Baltics, to the Estonian AS Maag Grupp, for a consideration of $94.81 million. Xianle Health (Sirio Pharma) and Sirio Healthcare-Best Formulations was another major deal in the Packaging sector in 2022. Davis Polk & Wardwell LLP acted as legal advisor to Sirio Pharma, while Morgan, Lewis & Bockius LLP served for Best Formulations. Xianle Health (Sirio Pharma Co Ltd) and its indirect wholly-owned subsidiary Sirio Healthcare Holdings LLC, have completed the acquisition of an 80% equity stake in Best Formulations Inc, a US-based nutritional supplement product, contract development, and manufacturing (CDMO) company, for consideration of $180.49 million. This transaction will allow Sirio to fully meet the production needs of both international and local brands.