GESSEL advises AVALLON on an investment in Clovin S.A.

GESSEL advised the AVALLON fund on its acquisition of a majority stake in Clovin S.A.

In performing the just-signed investment agreement, the company will aim to expand its portfolio of innovative, environmentally-friendly products and to continue its intensive investments programme, strengthening its position in the domestic and export markets. Apart from this organic growth, the company is also planning acquisitions in the cleaning products segment. The overarching aim is to develop the company’s potential to its utmost.

GESSEL provided comprehensive legal support at all stages of the transaction, including due diligence, preparation of an antitrust filing to the Office of Competition and Consumer Protection, negotiations, and closing.

AVALLON is an independent Polish private equity fund manager. It has been a pioneer of management buy-outs in the Polish market; beginning in 2001, AVALLON MBO was involved in more than 100 transactions of this type, and the various AVALLON MBO funds were the first entities of this kind launched in Central and Eastern Europe.

The Clovin S.A. group (www.clovin.com.pl) produces washing detergents and cleaning products for industrial as well as private use. Over its 20 years in the Polish market, it initially concentrated on washing supplies for entities such as hotels and hospitals before expanding into the B2C market, which now accounts for most of its revenues. Clovin has branches in Germany and Lithuania as well as a production facility in Ukraine, and Clovin-brand goods are used in over 25 countries on 5 continents.

The GESSEL team working on this project was led by Maciej Kożuchowski, partner and was comprised of Bartłomiej Woźniak, senior associate; Karolina Krzal-Kwiatkowska, senior associate; Michał Trociuk, senior associate; Marta Grabiec, senior associate; and Anna Haciuk; associate; Christian Schmidt, partner and Bernadeta Kasztelan-Świetlik, partner also contributed.

“It has been a pleasure for us to advise AVALLON on yet another project – the Fund’s investment in the Clovin S.A. group, a producer of washing powders and cleaning products for professional as well as household applications. Our long years of experience with previous projects for this Client left us well equipped to effectively address this newest challenge.” 

Maciej Kożuchowski
Partner