Milbank Advises Barclays and HSBC on Increase of Paccor Group’s Senior Financing For Acquisition of Miko Pac
Paccor announced the acquisition of Miko Pac, the packaging division of Miko NV, Belgium, in March 2021. Headquartered in Düsseldorf, Germany, Paccor develops innovative and sustainable packaging solutions for the protection of food products, the foodservice market and for household and personal care products. The company employs more than 3,700 people in 18 countries.
Miko Pac is a global plastic packaging manufacturer with more than 500 employees at its manufacturing facilities in Belgium, Poland and Indonesia as well as at its sales offices in France and Germany. Miko Pac was founded more than 45 years ago and is known as a specialist in thermoforming, injection molding and in-mold labeling.
Milbank advised Barclays Bank Ireland PLC and HSBC Continental Europe S.A. on the financial aspects of the transaction.
Barbara Mayer-Trautmann (lead), Jennifer Seipelt, Silvia Lengauer (all Finance, Munich).
Milbank LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York over 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC. Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives. To learn more about Milbank and its attorneys, please visit or follow us on LinkedIn, Twitter and Instagram.
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