AURELIUS Investment Lux One S.à.r.l. entered into an agreement to acquire Maastricht Mill, Stockstadt Mill and Kirkniemi Mill from Sappi Limited (JSE:SAP) on September 29, 2022. The enterprise value of the sale amounts to approximately 272 million. The transaction is subject to approval by the relevant competition and regulatory authorities.
The net loss after tax attributable to the net assets of the three mills for the last twelve months ended 31 March 2022 was 6,5 million and EBITDA for the last twelve months ended 31 March 2022 was 58 million. The sale is expected to close in the first calendar quarter of 2023. Lincoln International AG acted as financial advisor, Floris Pierik and Stefan Schneider of Jones Day acted as legal advisor and Ernst & Young Gmbh acted as accountant to AURELIUS Investment Lux One S.à.r.l. Afry provided commercial advice and Tauw provided Environmental advice to AURELIUS Investment Lux One S.à.r.l. Margherita Marchi, Celedonio Moncayo, Carlos Penim, Govinder Ubhi, Henry Newbould of Stifel Financial Corp.
acted as financial advisor to Sappi Limited. Ernst & Young Gmbh WirtschaftsprÜFungsgesellschaft acted as tax due diligence provider to AURELIUS Investment Lux One S.à.r.l.