Greenberg Traurig has advised Abris Capital Partners on the sale of paper hygiene product manufacturer Velvet Care to the Partners Group. Gessel advised the Velvet Care management. Clifford Chance, working with Latham & Watkins, advised the Partners Group.
The transaction remains contingent on regulatory approval.
Abris Capital Partners is an ESG transformation specialist private equity investor focused on Central Europe.
Velvet Care manufactures paper hygiene products including tissues, toilet paper, and kitchen paper towels, and is the owner of the Velvet brand in Poland. The company was established in 2013 but its origins date to 1897, including a period of 17 years under the ownership of International Paper and Kimberly Clark.
The Greenberg Traurig team included Partner Rafal Baranowski, Local Partners Maciej Pietrzak and Filip Kijowski, Senior Associate Tomasz Denko, and Associate Michal Kuratowski.
The Gessel team included Partner Maciej Kozuchowski, Managing Associates Krzysztof Jasinski, Barlomiej Wozniak, and Karolina Krzal-Kwiatkowska, Senior Associates Majka Rucinska and Katarzyna Olszak, and Associate Karolina Sobola.
The Clifford Chance team included Warsaw-based Partner Wojciech Polz, Counsels Tomasz Szymura and Karol Kulhawik, Senior Associates Aleksandra Wlaszczuk, Tomasz Szekalski, Katarzyna Aleksandrowicz-Dziubak, Marta Michalek-Gervais, Lukasz Piergies, and Pawel Zawislak, Associates Michal Besciak, Krzysztof Regucki, Maria Janiak, Marcin Waszynski, Krzysztof Burda, Katarzyna Kuchta, Julia Piotrkowicz, and Maria Majchrzak, and Paralegal Dominik Kwiatkowski; Prague-based Associate Tomas Prochazka and Junior Lawyers Petr Rysina and Jiri Krejca; as well as additional team members from London, Luxembourg, and Duesseldorf.
Editor's Note: After this article was published, Gide announced that it advised Private Label Tissue and Italian Paper on the sale of their shares to Velvet Care. The firm's team included Partner Pawel Grzeskowiak, Counsel Wojciech Czyzewski, and Associate Magdalena Zawislak.
