Ashurst is advising N.M. Rothschild & Sons Limited in relation to the £78.5 million recommended cash offer for Zenith Hygiene Group plc by BCPE Diamond UK Holdco Limited, which is indirectly majority owned by Bain Capital Fund XI, L.P. and Bain Capital Europe Fund IV, L.P., announced today. 

Based in Hertfordshire, Zenith offers a wide, high quality range of products serving customers in the healthcare, food service, hospitality, leisure and facilities management, pharmaceutical, and food and beverage processing industries. Bain Capital and their affiliates and co-investors recently completed the indirect acquisition of the Diversey Care division from Sealed Air Corporation and the food hygiene and cleaning business within its Food Care division. The acquisition of Zenith builds Diversey’s local scale in the UK and Ireland.

Rothschild is acting as financial adviser to Bain Capital in relation to the offer.

The Ashurst team is being led by corporate partners James Fletcher and Tom Mercer, assisted by associate Francesca Witney, and solicitor Jake Hadfield.