Global law firm White & Case LLP has advised KAP AG (KAP) on the sale of a subsection of its flexible films segment to Kingspan Holding GmbH.
KAP is a listed industrial holding company focused on upper mid-size operating companies in niche markets. It currently focuses on four distinct operating segments: engineered products, flexible films, surface technologies and precision components.
The sold operating companies are CaPlast Kunststoffverarbeitungs GmbH with its investee AerO Coated Fabrics B.V. and NOW Contec GmbH & Co. KG. The transaction completed in April 2023. KAP will use a significant portion of the sales proceeds to reinvest in other segments and sub-segments.
The White & Case team that advised on the transaction was led by partner Stefan Koch (Frankfurt) and local partner Thyl Haßler (Düsseldorf) and included partners Bodo Bender, Tim Bracksieck, Alexander Kiefner, Julia Sitter and Sebastian Stütze (all Frankfurt), local partners Mathis Rust (Düsseldorf) and Mathias Bogusch (Frankfurt), counsel Andreas van den Eikel (Berlin) and associates Eojin Lie, Michael Grambow, Miriam Staatz, Carsten Schreiner, Pia Berger and Jan Ditrich (all Frankfurt).
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