{"id":11427,"date":"2025-06-16T00:00:00","date_gmt":"2025-06-16T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/"},"modified":"2026-06-25T09:04:44","modified_gmt":"2026-06-25T13:04:44","slug":"livingstone-advises-royal-paper-on-180-million-sale-to-sofidel","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/","title":{"rendered":"Livingstone assiste Royal Paper nella vendita da oltre 180 milioni di dollari a Sofidel"},"content":{"rendered":"\n

Livingstone \u00e8 lieta di annunciare la cessione con successo della quasi totalit\u00e0 degli asset di <\/strong>Royal Paper<\/strong><\/a>, produttore verticalmente integrato di carta tissue e asciugatutto con sede a Phoenix, Arizona, a Sofidel America, controllata statunitense del gruppo globale Sofidel S.p.A.<\/strong>
L\u2019operazione \u00e8 stata completata ai sensi della Sezione 363 del Codice Fallimentare degli Stati Uniti. Livingstone ha agito in qualit\u00e0 di advisor finanziario esclusivo di Royal Paper nell\u2019ambito della procedura di Chapter 11.<\/strong><\/p>

Royal Paper \u00e8 un primario produttore verticalmente integrato di articoli tissue, sia a marchio privato che branded, destinati ai settori retail (At-Home) e commerciale (Away-from-Home) su scala nazionale.
La societ\u00e0 gestisce uno stabilimento di produzione di carta e tre impianti di trasformazione tra le coste Est e Ovest degli Stati Uniti, con capacit\u00e0 che includono la produzione, la conversione, il magazzinaggio e la logistica.<\/p>

Nell\u2019aprile 2025, Royal Paper ha presentato volontariamente istanza di protezione fallimentare ai sensi del Chapter 11 presso il Tribunale Fallimentare del Distretto del Delaware, a causa delle pressioni inflazionistiche, interruzioni operative e limitazioni di capitale circolante. Al momento del filing, la societ\u00e0 registrava circa 225 milioni di dollari di debito finanziato.<\/p>

Livingstone \u00e8 stata incaricata di gestire un processo di vendita ampio e accelerato. Il processo di marketing pre-petizione ha portato Sofidel alla sottoscrizione di un accordo di acquisto \u201cstalking horse\u201d da 126 milioni di dollari, in concomitanza con il deposito dell\u2019istanza di Chapter 11.
L\u2019attivit\u00e0 di marketing, sia pre- che post-petizione, ha condotto a un\u2019asta competitiva supervisionata dal tribunale, al termine della quale Sofidel \u00e8 risultata aggiudicataria.<\/p>

\u201cSiamo orgogliosi di aver concluso una cessione in continuit\u00e0 aziendale che preserva i posti di lavoro, massimizza il valore per gli stakeholder e pone le basi per il successo a lungo termine degli asset di Royal Paper sotto la guida di un operatore di livello mondiale\u201d<\/em>, ha dichiarato Joe Greenwood<\/strong>, Partner di Livingstone<\/strong>. \u201cCondurre un processo 363 di questa portata richiede rapidit\u00e0, precisione e creativit\u00e0. Siamo grati al management e al team di advisor della societ\u00e0 per la collaborazione dimostrata lungo tutto il percorso.\u201d<\/em><\/p>

Questa operazione rafforza la reputazione di Livingstone come advisor di fiducia per le aziende del mid-market che affrontano situazioni di stress finanziario, e rappresenta una tappa significativa per il team Special Situations, a conferma della capacit\u00e0 di agire con tempestivit\u00e0 e di generare risultati ottimali in contesti complessi e ad alta criticit\u00e0.<\/p>

Royal Paper \u00e8 stata assistita da Livingstone Partners LLC come Investment Banker, da Morris, Nichols, Arsht & Tunnell LLP come Legal Counsel, e da Novo Advisors in qualit\u00e0 di Chief Restructuring Officer.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":2443,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-11427","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1487,1427,1431],"date":"20250616","client_type":49,"type":[1120,1132],"region":[393,388],"services":[451],"sectors":[741,751],"related_transactions":[11332,11302,11389,12936,12889],"related_testimonials":"","contacts":[1266,1277]},"yoast_head":"\nLivingstone assiste Royal Paper nella vendita da oltre 180 milioni di dollari a Sofidel - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Livingstone assiste Royal Paper nella vendita da oltre 180 milioni di dollari a Sofidel - Livingstone Partners\" \/>\n<meta property=\"og:url\" content=\"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/\" \/>\n<meta property=\"og:site_name\" content=\"Livingstone Partners\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-25T13:04:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/08f52852.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minuti\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/transaction\\\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\\\/\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/transaction\\\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\\\/\",\"name\":\"Livingstone assiste Royal Paper nella vendita da oltre 180 milioni di dollari a Sofidel - Livingstone Partners\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/transaction\\\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/transaction\\\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/08f52852.png\",\"datePublished\":\"2025-06-16T04:00:00+00:00\",\"dateModified\":\"2026-06-25T13:04:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/transaction\\\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\\\/#breadcrumb\"},\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/transaction\\\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/transaction\\\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\\\/#primaryimage\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/08f52852.png\",\"contentUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/08f52852.png\",\"width\":1200,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/transaction\\\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Transactions\",\"item\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/transaction\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Livingstone assiste Royal Paper nella vendita da oltre 180 milioni di dollari a Sofidel\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/#website\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/\",\"name\":\"Livingstone Partners\",\"description\":\"Deals Done Right.\",\"publisher\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"it-IT\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/#organization\",\"name\":\"Livingstone Partners\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/logo_livingstone.svg\",\"contentUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/logo_livingstone.svg\",\"caption\":\"Livingstone Partners\"},\"image\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/it\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Livingstone assiste Royal Paper nella vendita da oltre 180 milioni di dollari a Sofidel - Livingstone Partners","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/","og_locale":"it_IT","og_type":"article","og_title":"Livingstone assiste Royal Paper nella vendita da oltre 180 milioni di dollari a Sofidel - Livingstone Partners","og_url":"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/","og_site_name":"Livingstone Partners","article_modified_time":"2026-06-25T13:04:44+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/08f52852.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Tempo di lettura stimato":"3 minuti"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/","url":"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/","name":"Livingstone assiste Royal Paper nella vendita da oltre 180 milioni di dollari a Sofidel - Livingstone Partners","isPartOf":{"@id":"https:\/\/livingstonepartners.com\/it\/#website"},"primaryImageOfPage":{"@id":"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/#primaryimage"},"image":{"@id":"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/#primaryimage"},"thumbnailUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/08f52852.png","datePublished":"2025-06-16T04:00:00+00:00","dateModified":"2026-06-25T13:04:44+00:00","breadcrumb":{"@id":"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/#breadcrumb"},"inLanguage":"it-IT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/"]}]},{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/#primaryimage","url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/08f52852.png","contentUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/08f52852.png","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/livingstonepartners.com\/it\/transaction\/livingstone-advises-royal-paper-on-180-million-sale-to-sofidel\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/livingstonepartners.com\/it\/"},{"@type":"ListItem","position":2,"name":"Transactions","item":"https:\/\/livingstonepartners.com\/it\/transaction\/"},{"@type":"ListItem","position":3,"name":"Livingstone assiste Royal Paper nella vendita da oltre 180 milioni di dollari a Sofidel"}]},{"@type":"WebSite","@id":"https:\/\/livingstonepartners.com\/it\/#website","url":"https:\/\/livingstonepartners.com\/it\/","name":"Livingstone Partners","description":"Deals Done Right.","publisher":{"@id":"https:\/\/livingstonepartners.com\/it\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/livingstonepartners.com\/it\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"it-IT"},{"@type":"Organization","@id":"https:\/\/livingstonepartners.com\/it\/#organization","name":"Livingstone Partners","url":"https:\/\/livingstonepartners.com\/it\/","logo":{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/livingstonepartners.com\/it\/#\/schema\/logo\/image\/","url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/logo_livingstone.svg","contentUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/logo_livingstone.svg","caption":"Livingstone Partners"},"image":{"@id":"https:\/\/livingstonepartners.com\/it\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction\/11427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction"}],"about":[{"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/types\/transaction"}],"version-history":[{"count":1,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction\/11427\/revisions"}],"predecessor-version":[{"id":68676,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction\/11427\/revisions\/68676"}],"acf:post":[{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/team-member\/1277"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/team-member\/1266"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction\/12889"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction\/12936"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction\/11389"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction\/11302"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction\/11332"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/team-member\/1431"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/team-member\/1427"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/team-member\/1487"}],"acf:term":[{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/sector\/751"},{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/sector\/741"},{"embeddable":true,"taxonomy":"service","href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/service\/451"},{"embeddable":true,"taxonomy":"region","href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/region\/388"},{"embeddable":true,"taxonomy":"region","href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/region\/393"},{"embeddable":true,"taxonomy":"transaction-type","href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction-type\/1132"},{"embeddable":true,"taxonomy":"transaction-type","href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction-type\/1120"},{"embeddable":true,"taxonomy":"client-type","href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/client-type\/49"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/media\/2443"}],"wp:attachment":[{"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/media?parent=11427"}],"wp:term":[{"taxonomy":"client-type","embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/client-type?post=11427"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/region?post=11427"},{"taxonomy":"sector","embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/sector?post=11427"},{"taxonomy":"service","embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/service?post=11427"},{"taxonomy":"transaction-type","embeddable":true,"href":"https:\/\/livingstonepartners.com\/it\/wp-json\/wp\/v2\/transaction-type?post=11427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}