Global law firm Dentons has advised Arjobex, a synthetic paper company headquartered in France, on its acquisition of MDV Group, a specialty paper and film manufacturer. As part of the transaction, Arjobex acquired two companies in Germany and one company in the UK from the founders and owners of MDV Group.

Arjobex is a portfolio company of Prudentia Capital, a private equity firm specializing in acquisitions in Germany and France.

MDV Group is headquartered in Germany and operates primarily as a specialty producer and supplier to packaging and label manufacturers and the construction industry. In addition to its two coating plants in Germany, MDV Group also produces HDPE specialty films at a plant in Liverpool.

With the acquisition, Arjobex strengthens its position as a leading European manufacturer of specialty coating solutions for paper and films. Headquartered in France, the new company will generate total annual sales of approximately €65 million and run six production sites in Europe and the United States.

A Dentons team from Germany, France and the UK provided comprehensive legal and tax advice to Arjobex on the cross-border M&A transaction, acquisition and financing structure, due diligence as well as financing agreements. Frankfurt-based partners Volker Junghanns and Thomas Voss coordinated the international legal team on the deal.