RiverRock European Opportunities Fund has sold its ES-Plastic portfolio companies to French packaging specialist Proplast Group. Taylor Wessing has been advising RiverRock on this transaction in Germany. RiverRock serves institutional and high net worth investors and has raised approx. EUR 650 million of capital from prestigious investors, including leading sovereign and institutional investors such as the German Federal Government, the European Investment Bank and large family offices. ES-Plastic is a producer and distributor of intelligent and innovative packaging systems and produces with its extrusion and thermoforming lines plastic products of all kind for food and non-food packaging applications. The parties agreed not to reveal the purchase price. The transaction is closed.
Legal counsel to RiverRock European Opportunities Fund Ltd.:
Taylor Wessing (Munich): Dr. Christian Traichel (Lead Partner, Corporate/M&A), Dr. Bert Kimpel (Tax, Düsseldorf), Stefan Kroeker (Corporate/M&A), Dr. Christian Saueressig and Ruprecht von Weichs zur Wenne (both Loans/Collateral).