Cuatrecasas advised Essity on the deal.
Essity signed an agreement to acquire approximately 44% of the Colombian hygiene company Productos Familia S.A. (“Familia”). After closing of the transaction Essity’s ownership in Familia will amount to at least 94%. Essity has been an owner in Familia since 1985, and currently owns 50% of the company. The purchase price amounts to USD 1,540m (approximately SEK 13bn) for 100% of the company on a debt free basis.
The acquisition will be fully debt funded and Essity has committed credit facilities in place. The completion of the transaction is subject to customary regulatory approvals and is expected to be finalized in the second half of 2021.
Hygiene and health company Essity develops, produces and sells products and solutions within the Business Areas Personal Care, Consumer Tissue and Professional Hygiene.
Familia is headquartered in Medellín, Colombia, with a strong presence across Latin America. The company operates primarily in Personal Care, and also in Consumer Tissue and Professional Hygiene.
Cuatrecasas advised Essity with a team in Bogotá led by partner Juan Felipe Vera (Picture) and associate Pablo Martínez.
Law Firms: Cuatrecasas;
Clients: Essity Aktiebolag;