Baker McKenzie advises Japan Pulp and Paper on its acquisition of a 51% interest in PagePack
Tokyo, Japan, 18 April 2017 – Baker McKenzie has advised Japan Pulp and Paper on its proposed acquisition for JPY 6,434 million of a 51% interest in a newly formed entity, known as PagePack. PagePack comprises two previously separate wholesale paper, packaging and industrial products distribution businesses operated by the BJ Ball and the KW Doggett groups in Australia and New Zealand. Japan Pulp and Paper is a Tokyo Stock Exchange-listed market leader engaged in the distribution of paper and paper-related products.
Completion of this transaction is subject to customary conditions, including regulator approvals.
The Firm’s team was led by Kiyoshi Endo, partner of the Tokyo office’s Corporate/M&A Practice Group and Ben McLaughlin and Lawrence Mendes of the Sydney office, with the strong support of associates Satoshi Abe and Tatsuya Niwa.
Endo stated: “We are delighted to act for our client Japan Pulp and Paper on its proposed acquisition of a 51% interest in PagePack. The transaction involved our legal teams in Tokyo and Sydney working to tight timeframes for a successful outcome.” McLaughlin added: “The transaction has been complex as it combines three groups. We look forward to working with our Tokyo colleagues and other advisers to bring the transaction to a successful conclusion.”