Cuatrecasas advises Persán on the purchase and financing of Mibelle

Cuatrecasas advised Persán, a leading Spanish company in the development, manufacture and marketing of personal and home care products, 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. 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.

The firms team in charge of advising 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.

Regarding the acquisition, José Moya said: “This is an important private M&A transaction, in which we have worked very closely with the Swiss law firm Niederer Kraft Frey, and which has allowed Persán to give an extraordinary boost to its strategic expansion plan in new territories and product categories”.

Regarding the financing, Carlos Lasarte de Launet emphasized: “It has been a very important operation in the sector that has been executed in the required form and timeframe thanks to the great teamwork between the company, financiers and advisors, who have achieved it despite the added difficulty of the fact that different jurisdictions have been involved”.