Jamieson advise the management team of IFCO on the sale of the business to Triton and Luxinva (ADIA)

Jamieson is pleased to announce that it has advised Wolfgang Orgeldinger and the management team of IFCO on the acquisition of IFCO’s reusable plastic containers (RPC) business by Triton and Luxinva (a wholly-owned subsidiary of the Abu Dhabi Investment Authority) from Brambles for an enterprise value of US$2.51bn. IFCO, a leading global provider of reusable packaging solutions for fresh foods, serves customers in 50+ countries through a network of local offices, 32 subsidiaries and over 1,100 employees worldwide. Since 1992, IFCO has grown to operate a global pool of over 290 million Reusable Plastic Containers, which are used for over 1.3 billion shipments of fresh fruits and vegetables, meat, poultry, seafood, eggs, bread, and other items from suppliers to grocery retailers every year.

Stuart Coventry, Karin Himmelreich and Ross Wheeler advised the IFCO management team on the terms of the management investment and incentive arrangements to be implemented under Triton’s and Luxinva’s ownership.