Goldman Sachs and TPG to fully exit Ontex

The remaining shares on offer represent 23% of Ontex's issued share capital and have been priced at €25.5 each. Goldman Sachs, Merrill Lynch and UBS are acting as bookrunners for the process.

The private equity duo listed Ontex on the Euronext Brussels in June 2014, with the IPO raising €518.6m, giving the company a market cap of €1.2bn. Following the flotation, TPG's and Goldman Sachs's holding company, Whitehaven, held a 51% stake in the business, which has been steadily sold down over recent months.

Ontex was established in 1979. The business is headquartered in Zele with 12 manufacturing facilities across eight countries, and sales offices in 11 countries.

Ontex produces disposable hygiene products for the private label sector, including nappies, baby wipes and feminine care products.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Benelux
• Goldman Sachs
• TPG