Unitex Textile Services LLC (Unitex) and CVC, a leading global investment firm, have announced that they have entered into a strategic partnership to support Unitex’s continued growth and long-term development. CVC, through its long-duration investment platform Strategic Opportunities, will invest in Unitex alongside the Potack family, who will continue to own a significant stake in the business and to lead Unitex going forward. The transaction marks the first outside equity investment in Unitex’s more than 100-year history.
Latham & Watkins LLP represented Apollo and the other arrangers and lenders in the financing with a team led by partners Jesse Sheff and Erika Weinberg and counsel Preeta Paragash and Katherine Page, with associate Kai Yeo.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.