Cuatrecasas and DLA Piper advise on the purchase and financing of Mibelle

Cuatrecasas and DLA Piper have advised on the purchase and sale of 100% of the share capital of the Swiss company Mibelle, which specializes in beauty, personal and home care, nutrition and the development of active ingredients for the cosmetics and nutraceutical industries, as well as on the financing of the acquisition, by Persán, a leading Spanish company in the development, manufacture and marketing of personal and home care products. The financing entities were BBVA, Santander and CaixaBank.

This acquisition, which will enable Persán to become a company with a turnover of more than one billion euros, represents a historic milestone in its international expansion. To its more than 2,000 current employees and three plants in Europe (Spain, Poland and France), will now be added the 1,400 employees of Mibelle, distributed among its facilities in Switzerland, France, the United Kingdom, the Netherlands, the USA and Australia.

Advisors

The Cuatrecasas team, in charge of advising Persán on the sale and purchase was made up of lawyers José Moya, Óscar Martín and Catalina Guzmán, from the Corporate and M&A practice; Joaquín Cuesta, Jesús Domínguez and Vanesa García, from the Tax practice; and Álvaro Bourkaib, from the Intellectual Property practice. The team responsible for advising on the financing was made up of lawyers Carlos Lasarte de Launet, José Ruiz Matutano and Guillermo Castellanos, from Finance.

DLA Piper has advised a syndicate of financing entities with a team formed by César Herrero, partner in charge, Carmen Sánchez, counsel, Felipe López,senior associate and Santiago González, associate. They collaborated with the Swiss law firm SW Legal on the local aspects of the transaction, with the support of Anita Schläpfer, partner, Fabio Elsener, counsel and Yves Ammann, associate.