Herbert Smith Freehills advised Magnum Industrial Partners on the €405 million sale of a 70 per cent stake in the Spanish perfume manufacturer Iberchem to the French group Eurazeo.
Under the terms of the transaction, Eurazeo – which has previously invested in the Spanish company Desigual – will invest €270 million in Iberchem.
Meanwhile, Herbert Smith Freehills also advised Alkion Terminals – a subsidiary of Infravia Capital Partners – on the purchase of seven liquid storage facilities in Spain, Portugal and France from liquid storage provider LBC Tank Terminals.
LBC Tank Terminals was advised by Linklaters on the deal.
The deal involved two facilities in Spain (Cartagena and Santander), one in Portugal (Lisbon) and four in France (Bayonne, Le Havre, Marseille and Nantes).
The acquisition means Alkion now owns and operates nine terminals in four countries (Spain, Portugal, France and the Netherlands) with a total capacity of one million cubic metres.
The Herbert Smith Freehills team advising Alkion was led by partners Ignacio Paz and senior associate Alejandro Alberte.