Taylor Wessing has advised its client Rutland Partners, the UK private equity fund, on the disposal of the CeDo group of companies to Straco Comm VA.

CeDo is one of Europe’s leading suppliers of household disposables, manufacturing both own-label and proprietary products such as refuse sacks, cling film and aluminium foil. It manufactures in UK, Poland and Vietnam and holds strong supply relationships with the majority of Europe’s largest supermarkets and discounters.

Total proceeds distributed to Rutland investors over the course of the investment are expected to generate a multiple of 2.8x the original investment.

Straco, a private Belgian family investment company, intends to continue to grow and develop the business and is retaining the existing management team led by CEO, David Pearce.

Taylor Wessing also acted for Rutland when it acquired CeDo from DELTON AG in September 2009.

Private Equity partners Nick Hazell and Ed Waldron led the Taylor Wessing team.

Nick Hazell commented: "We were delighted to have acted for Rutland throughout the life cycle of this investment, including on the original acquisition through to this successful disposal. This caps what has been a very busy time for us as a private equity team so far this year and which is shaping up to be one of our best."