PHI Industrial sells Bluesun Group to Continuation Fund: Advisors
PHI Industrial has sold the Bluesun Group to a Continuation Fund. The transaction involves the transfer of 100% of the shares of Bluesun Group, marking a significant move in the industrial sector.
The total commitments of the continuation fund amount to €287 million.
Bluesun Group is a Spanish company specializing in the manufacturing and management of home care and laundry products. Bluesun is known for producing brands such as Ambi Pur, Daz, A+, Dreft, and Noora, among others. The company has a strong international presence, operating in over 40 countries, with a high percentage of exports.
Advisors
EY Abogados advised on the tax structuring of the deal and the incorporation of the continuation fund, providing advisory services in both Spain and Luxembourg. The firm team was led by partner Araceli Saenz de Navarrete. With the support of senior manager Julio Alguacil and manager Carlos Prieto.
Tribeca Abogados acted as the legal advisor on the corporate aspects of the transaction, with a team formed by Juan Bezares and Héctor Brito.
finReg360 provided advice on the regulatory aspects of the transaction. Their team comprised Jorge Ferrer, Ana Benitez, and Natalia Pou, who ensured compliance with all relevant regulations.
