Ashurst is advising Candover Investment plc on the €1.2 billion
sale by its wholly owned subsidiary, Candover Partners Limited, of
Ontex NV (Belgium), the European market leader in hygienic
disposables, to Goldman Sachs PIA and TPG Capital.
Ashurst originally advised Candover on its acquisition of Ontex in
2003.
The Ashurst team comprised lawyers from the firm's London, Paris, Brussels and Frankfurt office. Private equity
partners David Carter and Simon Beddow led. The team
also comprised partners Nick
Benham (finance) and Carl
Meyntjens (Brussels), senior associates Chris McLoughlin and
Matt Cole (London), Lien de Kimpe (Brussels) and Nick Gardner
(tax).
A separate team, led by loan markets partner, Jane Fissenden, acted on behalf of
Goldman Sachs and TPG on the €700,000,000 senior facilities
arranged by Goldman Sachs International and Merrill Lynch
International in connection with the acquisition.
Sullivan & Cromwell is advising Goldman Sachs PIA and Ropes
& Gray is advising TPG