How to kick off the New Year the right way, RPC Group's £3.3bn private equity takeover sparks disquiet among top shareholders, Private equity group Apollo seals £3.3bn deal for packaging giant RPC. Apollo and Bain both have until 17:00 on October 8 to make a firm offer for RPC. $39 for one year. The US$6.5bn deal includes a $4.3bn cash paid for the equity interest in RPC Group and $2.2bn of net debt and estimated transaction related costs. "There’s potential for operating synergies, always a key consideration in packaging M&A, and a listed player could potentially pay in a mixture of equity and cash as well – although Berry have said they are interested in making a cash offer. BERRY GLOBAL INTERNATIONAL HOLDINGS LIMITED ('Berry Bidco') ... to implement the acquisition of the RPC Shares by way of a Takeover Offer as an alternative to the Scheme. RPC Group agrees to higher takeover bid from Berry Global. THE TAKEOVER PANEL THE PANEL ON TAKEOVERS AND MERGERS 10 PATERNOSTER SQUARE LONDON EC4M 7DY TEL. The private equity firm in talks to buy plastic packaging maker RPC Group has been given another three weeks to make a formal bid after the negotiations were extended for a fourth time. What are the notable trends and themes that investors should pay attention to for evaluating the space in the future? by. We are building a company that will thrive by consistently striving towards operational excellence. Potential RPC Group takeover and other acquisition opportunities Questions. SUBSCRIBE NOW. RPC Group has done packaging for personal care brands including Biotherm, Kelso and Boddy's Pharmacy Global packaging manufacturer Berry Global has completed its acquisition of RPC Group. RPC chairman Jamie Pike said: "The board believes that the offer recognises the quality of RPC's businesses and the strength of their future prospects. Save 67%. The US$6.5bn deal includes a $4.3bn cash paid for the equity interest in RPC Group and $2.2bn of net debt and estimated transaction related costs. US private equity firm Eminence Capital, which sat among RPC’s top three shareholders at the time of Apollo Global Management's bid, has sold its controlling shares in RPC. RPC, Europe’s biggest plastic packaging company, said that it had received a request for information from US-based Berry Global. RPC argues it's well placed to weather the political turbulence, and could even benefit. On 8 March 2019, the boards of RPC Group Plc ("RPC" or the "Company") and Berry Global International Holdings Limited ("Berry Bidco") announced that they had reached agreement on the terms of a recommended cash acquisition by Berry Bidco of RPC's entire issued and to be issued ordinary share capital (the "Acquisition") at a price of 793 pence in cash for each RPC Share, to be effected by … Read more: RPC Group's £3.3bn private equity takeover sparks disquiet among top shareholders Just a week ago, it looked as if a £3.3bn offer from Apollo was … 1, 2019-- Berry Global Group, Inc. (NYSE: BERY), today announced the completion of its acquisition of RPC Group Plc (RPC) for a purchase price of approximately $6.5 billion, which includes approximately $4.3 billion of cash paid for the equity interest in RPC and $2.2 of net debt and estimated transaction related costs, subject to closing adjustments. 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