DLA Piper advises on the acquisition of German company fit by BlueSun
DLA Piper has advised the broad syndicate of financing entities led by PGIM, CaixaBank and Santander, with the additional participation of Muzinich, Artemid, Siemens, Eiffel, ING and DZ Bank, on the financing for, among other purposes, the acquisition of 100% of the German company fit by BlueSun, a Spanish company specialised in the production of detergents and owned by the Phi Industrial fund.
With this operation, BlueSun strengthens its international presence and will now have an industrial footprint comprising three production plants in Europe: Zittau (Germany), Mataró (Barcelona) and Alcalá de Guadaira (Seville). The company will increase its workforce to around 1,000 employees, its products will be sold in more than 40 international markets and it will achieve a combined annual turnover of more than 500 million euros.
The DLA Piper team that led the advisory work consisted of César Herrero, partner in charge, Alberto Rubio and Felipe López, senior associates, and Sara Espina and Ángel Ansorena, associates. Guillermo Bailach, legal director, and Alberto Lobato, senior associate, participated in the tax aspects.
In addition, support was provided by international teams in different jurisdictions: in Germany, Wolfram Distler, partner, Emel Toluay-Ayhan, senior associate, Ilgin Ayhan, senior associate, and Arne Klingelhöfer, transaction specialist; and in the Netherlands, Lex Oosterling, managing partner of the Netherlands, Benno Leemans, senior associate, and Olivier van Halem, junior associate.
