BlueSun (Phi) acquires german company fit: Advisors
BlueSun, a company backed by Phi Industrial and specialised in the production of detergents, has acquired 100% of German company fit, a benchmark in cleaning and personal care products.
With this strategic acquisition, BlueSun strengthens its international presence, now operating three production sites across Europe: Zittau (Germany), Mataró (Barcelona), and Alcalá de Guadaira (Seville). The company’s workforce will grow to approximately 1,000 employees, its products will reach over 40 global markets, and it will achieve a combined annual turnover exceeding €500 million.
Advisors
Tribeca Abogados advised BlueSun on the legal M&A aspects of the transaction. The team was led by Juan Bezares, founding partner, with support from Ignacio Carrión Ruiz de Gopegui and María Arroyo López, associates in the Corporate/M&A department.
EY Abogados handled the tax structuring, with a team led by Araceli Sáenz de Navarrete Crespo, partner, alongside Julio Alguacil Cabrerizo, senior manager, and Álvaro Cruces Romero, senior.
Pérez-Llorca advised on the financing of the transaction, with a team led by partners Ildefonso Arenas and Isabel Villa, and associate África Rodríguez. De Brauw Blackstone Westbroek and Noerr have also participated in the other jurisdictions (the Netherlands and Germany, respectively) next to the spanish firm.
On the financing side, DLA Piper advised a broad syndicate of lenders led by PGIM, CaixaBank, and Santander, with the participation of Muzinich, Artemid, Siemens, Eiffel, ING, and DZ Bank. The core Madrid team was led by partner César Herrero, alongside Alberto Rubio and Felipe López, senior associates, and Sara Espina and Ángel Ansorena, associates. For tax matters, Guillermo Bailach, legal director, and Alberto Lobato, senior associate, also advised.
DLA Piper’s international reach was a key factor in the cross-border financing structure. The Spanish team was supported by the firm’s international offices, including: in Germany, Wolfram Distler (partner), Emel Toluay-Ayhan and Ilgin Ayhan (senior associates), and Arne Klingelhöfer (transaction specialist); and in the Netherlands, Lex Oosterling (managing partner), Benno Leemans (senior associate), and Olivier van Halem (junior associate).
