Latham & Watkins Advises Sealed Air in US$10.3 Billion Take-Private Acquisition by CD&R

Sealed Air Corporation (NYSE: SEE), a leading global provider of food and protective packaging solutions, announced that it has entered into a definitive agreement to be acquired by funds affiliated with CD&R, a leading private investment firm with deep experience in the industrial and packaging industries, in an all-cash transaction with an enterprise value of US$10.3 billion. Sealed Air will become a privately held Company, and its common stock will no longer be traded on the New York Stock Exchange upon the closing of the transaction.

Latham & Watkins LLP represents Sealed Air in the transaction with a corporate deal team led by New York partners Peter Harwich and Leah Sauter, with associates Maddy Berg, Shoumick Hasan, and Ruoyun (Wendy) Li, and with assistance from Seung Won (Jenny) Ha, Richard Silverman, and Sammi Casamassino. Advice was provided on data privacy matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte; on environmental matters by New York counsel David Langer, with associate Tyler Krenek; on executive compensation and benefits matters by New York partners Bradd Williamson and Alisa Hand, Chicago counsel Sandhya Chandrasekhar, and London counsel Shaun Thompson, with associates Tal Simon, Drew Baker, and Sanjana Rao; on US labor and employment matters by New York counsel Sandra Benjamin, with associate Sahar Merchant, and with assistance from Elizabeth Gemdjian; on Germany labor and employment matters by Munich partner Tobias Leder; on Spain labor and employment matters by Madrid partner Naiara Rodriguez-Escudero; on France labor and employment matters by Paris partner Matthias Rubner, with associate Cosma Scutiero; on UK labor and employment matters by London partner Kendall Burnett, with associate Ellie Wilson; on antitrust matters by Washington, D.C. partner Farrell Malone, Hamburg partner Jana Dammann de Chapto, and Brussels counsel Wesley Lepla, with associates Doug Tifft and Luca Feltrin; on public company representation matters by New York counsel Irina Yevmenenko; on debt capital markets matters by Washington, D.C. partner Jason Licht, with associate Jack Anderson; on leveraged finance matters by New York partner Stephanie Teicher, with associate Kate Waterman; on structured finance matters by New York partner Jim Fogarty, with assistance from Shuangqi (Steven) Sun; on intellectual property matters by New York partner Jessica Cohen, with associate Ece Gonulal; on tax matters by New York partner Eric Kamerman, with associate Roxanna Abdoli; on compliance matters by Washington, D.C. partner Erin Brown Jones, with associates Matthew Gregory and Monica Calce, and with assistance from Helen Lee; on real estate matters by San Diego counsel Achraf Farraj, with associate Daniel Eyal and with assistance from Katie Raya; on FDA/USDA regulatory matters by Washington, D.C. partner Elizabeth Richards and Washington, D.C. counsel Chad Jennings; and on ESG matters by New York partner Betty Huber.