DLA Piper advises financing entities in the funding for BlueSun’s acquisition of German company fit

DLA Piper has advised the broad syndicate of financing entities led by PGIM, CaixaBank and Santander —with additional participation from Muzinich, Artemid, Siemens, Eiffel, ING and DZ Bank— in the financing for, among other purposes, the acquisition of 100% of German company fit by BlueSun, a Spanish company specialized in detergent production and owned by the Phi Industrial fund.

With this transaction, BlueSun strengthens its international presence and will now have an industrial footprint comprising three production plants in Europe: Zittau (Germany), Mataró (Barcelona) and Alcalá de Guadaira (Seville). The company will expand its workforce to nearly 1,000 employees, its products are marketed in more than 40 international markets, and it will achieve combined annual revenue exceeding 500 million euros.

In Germany, the DLA Piper team was composed of Wolfram Distler (PICTURED), partner, Emel Toluay-Ayhan, senior associate, Ilgin Ayhan, senior associate, and Arne Klingelhöfer, transaction specialist.

The DLA Piper team in Spain that led the advisory was composed of César Herrero, partner in charge, Alberto Rubio and Felipe López, senior associates, and Sara Espina and Ángel Ansorena, associates. On tax matters, Guillermo Bailach, legal director, and Alberto Lobato, senior associate, participated.

In the Netherlands, support was provided by Lex Oosterling, managing partner of the Netherlands, Benno Leemans, senior associate, and Olivier van Halem, junior associate.