TPG and Goldman Sachs acquire Ontex for €1.2bn
TPG and GS Capital Partners have agreed to buy hygienic disposables specialist Ontex from Candover.
The deal originally stumbled when Goldman Sachs' initial partner withdrew from the sale. TPG's involvement allowed the completion of the largest Belgian buyout recorded in over a decade.
Ontex was bought by Candover in 2003 for €1bn. The firm produces nappies, wet wipes and other disposable sanitary products for a wide of retailer across Europe, including Tesco.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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