Clifford Chance advises Partners Group on the acquisition of Velvet CARE

Global law firm Clifford Chance advised Partners Group, a leading global private markets firm, on its acquisition of Velvet CARE, one of the leading manufacturers of hygiene paper products in Europe.

Velvet CARE is one of the largest independent manufacturers of branded and private-label hygiene paper products in Central and Eastern Europe. Velvet CARE is a vertically integrated manufacturer currently operating two production sites that cover the full process of hygiene paper production. Finished branded and private-label products are sold to supermarkets, discounters, wholesalers, and other retailers. The Company has 850 employees and generated EUR 277 million in revenues in 2022, with its largest markets including Poland, the Czech Republic, and Germany. Velvet CARE, which owns Velvet, one of the leading hygiene paper brands in Poland, has a long track record of innovation and continues to develop new products in a variety of sizes, textures, fragrances, and decorative patterns.

The multidisciplinary team of Clifford Chance lawyers from Warsaw, London, Luxembourg, Düsseldorf, and Prague offices was supervised by Jonny Myers (Partner, Global Head of Private Equity) and led by Wojciech Polz (Partner).

The transactional team included Karol Kulhawik (Counsel), Mark Inkester (Senior Associate), Aleksandra Właszczuk (Senior Associate), Tomasz Szekalski (Senior Associate), Katarzyna Aleksandrowicz-Dziubak (Senior Associate), Ivo Basoski (Senior Associate), Michał Beściak (Associate), Angus Hancock (Associate), Isabelle Cameron (Associate), and Krzysztof Regucki (Associate).

The team was further supported by Jennifer Storey (Partner), Katia Gauzès (Partner), Dimitri Slobodenjuk (Partner), Natalia van der Laat (Director of Financial Investors), Lauren Harris (Counsel), Ulrich Pfeffer (Counsel), Marta Michałek-Gervais (Senior Associate), Cristina Mudure (Associate), Lynn Nussbaum (Associate), Simon Wattenberg (Associate), Nick Fletcher (Of Counsel), Tomasz Szymura (Counsel), Anna Miernik (Senior Associate), Łukasz Piergies (Senior Associate), Paweł Zawiślak (Senior Associate), Maria Janiak (Associate), Marcin Waszyński (Associate), Krzysztof Burda (Associate), Katarzyna Kuchta (Associate), Tomáš Procházka (Associate), Agata Parys (Associate), Julia Piotrkowicz (Associate), Maria Majchrzak (Associate), Petr Ryšina (Junior Lawyer), Jiří Krejča (Junior Lawyer), Xavier Torres (Supervisory Paralegal), and Dominik Kwiatkowski (Paralegal).