Kirkland Counsels CD&R on Veritiv Buyout

Kirkland & Ellis advised private investment firm Clayton, Dubilier & Rice (CD&R) on the acquisition of packaging company Veritiv. The purchase price is $170 per share, which represents an approximately 31% premium to Veritiv’s 30-day weighted volume average price. The company’s board of directors voted unanimously in favor of the deal, which is expected to close during the fourth quarter of 2023. The transaction was announced August 7.

Veritiv is a leading full-service provider of packaging, JanSan and hygiene products and also provides print and publishing products. CD&R invests in companies across a broad range of industries, including industrials, healthcare, business services, consumer, technology and financial services.

Read the transaction press release

The Kirkland team was led by corporate partners Rick Campbell, David Klein, Rachael Coffey, John Mason Wilkes, Kevin Mausert and Lee Blum; executive compensation partner Rohit Nafday and associate Karsten Busby; tax partners Mike Carew and Nick Warther; and antitrust & competition partners Ian John, Alasdair Balfour and Todd Garcia.