London – October 26, 2017 – Cooley advised Zenith Hygiene on its recommended final cash offer to sell to Bain Capital Private Equity through its investment in Diversey, a global supplier of hygiene and cleaning solutions. The transaction is expected to close in Q1 2018.
Bain Capital plans to fund the acquisition through Diversey, which sold to the investment firm in September. The purchase of Zenith will allow Bain Capital to expand Diversey’s presence in Europe.
“We are excited to join Diversey and be part of a group benefiting from Bain Capital’s integrated global platform and bold growth plans for Diversey,” said Ringo Francis, CEO of Zenith Hygiene, in a news release. “We believe that all customers will benefit from the combination of both companies’ innovations and application expertise.”
Founded in 1996, Zenith is a UK manufacturer and supplier of cleaning and hygiene chemicals offering a wide, high-quality range of related products.
Cooley M&A partner David Bresnick led the team advising Zenith.
About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.
Cooley has 900 lawyers across 12 offices in the United States, China and Europe.