Persán continues international expansion with Mibelle acquisition

Cuatrecasas has advised Persán S.A., the leading Spanish company in the development, manufacturing and marketing of personal and home care products, on acquiring the Swiss company Mibelle AG, specialized in personal care, beauty, home care and nutrition products, as well as developing active ingredients for the cosmetic and nutraceutical industries. Cuatrecasas also advised Persán on the financing transaction for this acquisition. BBVA, CaixaBank and Santander acted as the financing entities.

This acquisition, which will increase Persán’s turnover to over €1 billion, is a milestone in its international expansion. Persán’s current workforce of over 2,000 employees and its three plants in Europe (Spain, Poland and France) will be joined by the 1,400 employees from the Mibelle facilities in Switzerland, France, the United Kingdom, the Netherlands, the USA and Australia.

The Cuatrecasas advisory team for this deal was made up of lawyers José Moya, Óscar Martín and Catalina Guzmán (Corporate and M&A); Joaquín Cuesta, Jesús Domínguez and Vanesa García (Tax); and Álvaro Bourkaib (Intellectual Property). The financing advisory team was made up of lawyers Carlos Lasarte de Launet, José Ruiz Matutano and Guillermo Castellanos.

Speaking about the acquisition, José Moya said, "This was an important M&A transaction in which we have worked very closely with the Swiss law firm Niederer Kraft Frey, enabling Persán to give an extraordinary boost to its strategic plan for new regions and product categories.”

With regard to the financing, Carlos Lasarte de Launet highlighted, “It was a high-profile transaction in the sector, which was carried out in the agreed manner and timeline thanks to great teamwork between the company, financers and advisors, and that was achieved despite the added difficulty of several jurisdictions being involved.”