Carlyle Group Inc is to acquire 70% of Grupo Garnica Plywood, the Spain based manufacturer of poplar plywood boards from Intermediate Capital Group, the United Kingdom based private Equity Firm, fund management company providing mezzanine, credit and minority equity to mid-market corporates.
The consideration was €500m. The transaction provides an exit strategy for Intermediate Capital Group.
Latham & Watkins and Pérez-Llorca have advised Carlyle Group. Allen & Overy has advised Intermediate Capital Group.
In particular, Latham & Watkins has acted in Spain with partners Ignacio Pallarés and Jordi Domínguez, counsel José María Alonso Monforte, associate Carmen Esteban, Juan Rodríguez and Ana Serrano.
Pérez-Llorca has acted with Francisco Iso, Pablo Hontoria, Ana Ibarra, Jorge González, Rita Royo, Isabel Villa, Andy Ramos, Andrea Sánchez, María Chávarri, Inés Molina, Rafael Fernández, Isabel Mota, Eva Láuzara, Alberto Ibort.
Allen & Overy has acted with Íñigo del Val, Ignacio Hornedo, Eneko Marin and Sergio Ochagavia.