M&A · Energy · Plastic Material, Synth Resin/Rubber, Cellulos (No Glass)
Clayton, Dubilier & Rice, LLC to acquire Sealed Air Corp
Announced Nov 17, 2025 · Closed Apr 9, 2026
Deal value$10.30BEV $10.30B
Premium41.0%To unaffected price
EV / Adj. EBITDA9.4x1.9x EV / Revenue
ConsiderationAll cash$42.15 per share
Transaction
- Acquirer
- Clayton, Dubilier & Rice, LLC
- Target
- Sealed Air Corp (SEE)
- Buyer type
- Private equity
- Offer price per share
- $42.15
- Enterprise value
- $10.30B
- Status
- Closed Apr 9, 2026
Deal protections
- Break fee (target pays)
- $205M · 2.0%
- Reverse fee (buyer pays)
- $426M · 4.1%
- Go-shop
- Go-shop
- Financing
- Committed · JPMorgan, BofA Securities, UBS, BNP Paribas, Goldman Sachs, Wells Fargo +2
Advisors
- To the acquirer
- BofA Securities, BNP Paribas, Citigroup, Goldman Sachs, JPMorgan, Lazard, Mizuho, RBC Capital Markets, UBS, Wells Fargo
- To the target
- Evercore
- Evercore fee
- $5.0M
Sector context · Energy
- Comparable deals
- 40 in the prior 24 months
- Premium
- 41.0% vs. 18.9% sector median
- EV / Adj. EBITDA
- 9.4x vs. 8.5x sector median
- Break fee
- 2.0% vs. 3.0% sector median
Timeline
- AnnouncedNov 17, 2025
- Proxy filedJan 12, 2026
- Definitive proxyJan 23, 2026
- Shareholder voteFeb 25, 2026
- ClosedApr 9, 2026
Valuation · fairness opinions
Discounted cash flow$32.87$51.19
Trading comparables$33.97$41.52
Precedent transactions$33.82$41.34
Premiums paid$37.30$40.28
Leveraged buyout$36.92$45.39
Offer $42.15
Implied value per Sealed Air Corp share by analysis, from Evercore · DCF discount rate 8%–9%.