A cross-jurisdictional Carey Olsen team has advised Strategic Value Partners (SVP) in its acquisition of Vita Group from TPG.
The UK-based Vita Group, which had been owned by TPG since 2005, develops, manufactures and markets flexible polyurethane, Talalay latex and flooring products to customers across Europe, the US and China. It operates 37 sites in 15 countries and employs around 2,700 people. Last year it recorded preliminary sales of €704m and Ebitda of €40m. The transaction, which completed on 10 May, was for an undisclosed sum.
The Carey Olsen team assisting SVP on the various corporate and finance aspects of the transaction included partner Nick Bullmore and counsel Dylan Wiltermuth from the firm’s Cayman Islands office, along with partners Kate Andrews and James Willmott, senior associate Katherine Tresca and associate Nick Ghazi from Carey Olsen in Jersey.
Mr.Bullmore said: “It was a privilege as a cross-jurisdictional team from Carey Olsen to assist SVP as it forms a new and exciting partnership with the Vita Group. Transactions like this, stretching across different jurisdictions and time zones, also give us the opportunity to demonstrate the depth and breadth of our offering and the seamless global service Carey Olsen can provide to clients.”