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

Latham & Watkins LLP represented Sealed Air Corporation in its definitive agreement to be acquired by funds affiliated with Clayton, Dubilier & Rice (CD&R). Sealed Air Corporation (NYSE: SEE), a leading global provider of food and protective packaging solutions, entered into a definitive agreement to be acquired by funds affiliated with CD&R in an all-cash transaction with an enterprise value of US$10.3 billion. Under the terms of the agreement, Sealed Air will become a privately held company and its common stock will no longer be traded on the New York Stock Exchange upon closing. CD&R is described as a leading private investment firm with deep experience in the industrial and packaging industries. Latham & Watkins LLP represented Sealed Air Corporation with a team composed by: New York partners Peter Harwich and Leah Sauter (corporate deal team lead); associates Maddy Berg, Shoumick Hasan, and Ruoyun (Wendy) Li; with assistance from Seung Won (Jenny) Ha, Richard Silverman, and Sammi Casamassino. Data privacy matters were handled by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte. Environmental matters were handled by New York counsel David Langer, with associate Tyler Krenek. Executive compensation and benefits matters were handled 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. U.S. labor and employment matters were handled by New York counsel Sandra Benjamin, with associate Sahar Merchant and assistance from Elizabeth Gemdjian. Germany labor and employment matters were handled by Munich partner Tobias Leder. Spain labor and employment matters were handled by Madrid partner Naiara Rodriguez-Escudero. France labor and employment matters were handled by Paris partner Matthias Rubner, with associate Cosma Scutiero. UK labor and employment matters were handled by London partner Kendall Burnett, with associate Ellie Wilson. Antitrust matters were handled by Washington, D.C. partner Farrell Malone, Hamburg partner Jana Dammann de Chapto, and Brussels counsel Wesley Lepla, with associates Doug Tifft, Luca Feltrin, and Jamie Mansour. Public company representation matters were handled by New York counsel Irina Yevmenenko. Debt capital markets matters were handled by Washington, D.C. partner Jason Licht, with associate Jack Anderson. Leveraged finance matters were handled by New York partner Stephanie Teicher, with associate Kate Waterman. Structured finance matters were handled by New York partner Jim Fogarty, with assistance from Shuangqi (Steven) Sun. Intellectual property matters were handled by New York partner Jessica Cohen, with associate Ece Gonulal. Tax matters were handled by New York partner Eric Kamerman, with associate Roxanna Abdoli. Compliance matters were handled by Washington, D.C. partner Erin Brown Jones, with associates Matthew Gregory and Monica Calce, and with assistance from Helen Lee. Real estate matters were handled by San Diego counsel Achraf Farraj, with associate Daniel Eyal and assistance from Katie Raya. FDA/USDA regulatory matters were handled by Washington, D.C. partner Elizabeth Richards and Washington, D.C. counsel Chad Jennings. ESG matters were handled by New York partner Betty Huber.

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

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