Linklaters has advised leading private equity firm, BC Partners, on its acquisition of a majority stake in the Keter Group from it’s founders, the Sagol family. The deal signed on 28 July 2016.
BC Partners is a leading pan European buy-out investor, principally investing in larger businesses in the region and selectively in North America through its established network of offices in London, Paris, Hamburg and New York. It is currently advising funds totalling over €12 billion and, since inception, has completed 91 acquisitions with a total enterprise value of nearly €100 billion.
Headquartered in Israel, Keter designs, engineers, produces and distributes a wide range of consumer goods worldwide across multiple categories, such as indoor and outdoor furniture, home accessories and hardware products, sold globally through a distribution network of over 25,000 retail outlets. It operates 18 factories in nine countries with over 4,000 employees around the world.
Linklaters’ private equity team's cross border expertise was a key element in the success of the deal, supported by its leading international corporate, finance and tax capabilities. The core team consisted of London-based private equity partners Vincent Ponsonnaille and Alex Woodward, finance partners Brian Gray and Kathryn Merryfield and partner Edouard Chapellier led for the consortium on tax.