TOPPAN Holding’s Acquires of 80% of Irplast

TOPPAN Holdings Inc. (TYO: 7911, listed as on the Tokyo Stock Exchange), through its subsidiary TOPPAN Speciality Films Private Limited, based in India, has signed a binding agreement for the acquisition of 80% of the shares of Irplast S.p.A, an Italian manufacturer of high-performance BOPP films, from the current majority shareholder Cheyne European Strategic Value Credit S.A.R.L. 2, a Luxembourg vehicle controlled by the UK investment fund Cheyne Strategic Value Credit.

Through this transaction, the TOPPAN Group will integrate Irplast’s advanced production technologies for high-performance BOPP films to develop and offer innovative solutions that meet the diverse needs of its customers.

Bird & Bird advised TOPPAN on the corporate aspects of the transaction with a team led by partner Alberto Salvadè, senior counsel Maurizio Pinto, and associate Vanessa Sebastianutti. The golden power aspects were handled by partner Simone Cadeddu and counsel Jacopo Nardelli. TOPPAN was also assisted by the Indian law firm Shardul Amarchand Mangaldas & Co., with a team including partners Rudra Kumar Pandey and Amanjot Malhi, partner designate Vishal Nijhawan, and associate Sneha Kalia.

Chiomenti assisted Cheyne Strategic Value Credit (SVC) with a team led by partners Antonio Tavella and Corrado Borghesan, along with associates Benedetta Gizzi and Francesca Andrisani. The golden power aspects were managed by partner Giulio Napolitano and associate Tommaso Mazzetti di Pietralata.

BonelliErede advised the management of Irplast with a team composed of partner Gianfranco Veneziano, managing associate Edoardo Fratini, and associate Bianca Grisostomi Travaglini.