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.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
