Greenberg Traurig Advises Abris Capital Partners on Sale of Velvet Care

WARSAW - 12 December 2023 - Greenberg Traurig advised Abris Capital Partners, the ESG transformation specialist private equity investor and B Corp, in connection with signing a preliminary agreement regarding the sale of Velvet CARE, Poland's leading manufacturer of paper-based personal care products, to Partners Group, a global private markets firm. The transaction is subject to European Commission regulatory approval.

The transaction is led by Partner Rafał Baranowski and Local Partner Maciej Pietrzak from the M&A Practice. The core team also includes: Local Partner Filip Kijowski, Senior Associate Tomasz Denko and Associate Michał Kuratowski.

Greenberg Traurig previously advised Abris Capital Partners on the acquisition of Velvet CARE in 2018. This transaction was also led by Rafał Baranowski who was supported by Filip Kijowski and Tomasz Denko.

Abris Capital Partners is the leading ESG transformation specialist private equity investor focused on Central Europe. Abris Capital Partners cooperates with the region's most ambitious mid-market businesses, providing capital, strategic support and operational expertise, while driving growth through M&A, internationalization and ESG transformation. Abris Capital Partners is a B Corp certified business.

Velvet CARE manufactures paper hygiene products including tissues, toilet paper and kitchen paper towels, and is the owner of the highly regarded 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. Due to a comprehensive ESG program led by Abris Capital Partners, Velvet CARE received B Corp certification - the most prestigious, globally recognized ESG accreditation for businesses that demonstrate the highest standards of social and environmental performance, transparency and accountability.

Greenberg Traurig is recognized as the leading M&A and Private Equity Practice in Poland. In these categories, Chambers Europe, Chambers Global, IFLR1000 and Legal 500 have awarded Greenberg Traurig with the prestigious Band 1/Tier 1 rankings, representing the highest possible market recognition.

Greenberg Traurig LLP

Greenberg Traurig, LLP is a global, multi-practice law firm with approximately 2650 attorneys serving clients from 47 offices in the United States, Latin America, Europe, Asia, and the Middle East.

GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year at the highly esteemed Euromoney Legal Media Group "Women in Business Law Awards 2021 Europe" and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution, TMT and Competition/Antitrust.

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