Spin-Offs

Experience

    • International Paper, a global producer of renewable fiber-based packaging and pulp products, in the separation and spin-off of its global printing papers business, Sylvamo, and related financing arrangements.
    • Jackson and Prudential plc in the separation of Jackson through a demerger, in a transaction valued at approximately $2.5 billion and that establishes Jackson as an independent, publicly traded company.
    • Clayton, Dubilier & Rice in its $2.5 billion acquisition of HD Supply’s Waterworks Division, the largest distributor of waterworks products in the United States.
    • Tribune Media Company in its spin-off of Tribune Publishing Company.
    • International Paper in a Reverse Morris Trust transaction in which it spun off its distribution business, xpedx, which subsequently merged with and into UWW Holdings, Inc., the parent company of Unisource Worldwide, Inc., to form a new, publicly traded company, Veritiv Corporation.
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