Global law firm White & Case LLP has advised Sami and Itzhak Sagol on the sale of an 80 percent stake in Keter Plastic, a member of the Keter Group, to BC Partners, one of the world's leading private equity firms with €12 billion of assets under management.

The Sagol family will continue to hold the remaining 20 percent in the Keter Group, with the transaction subject to customary approvals and expected to close in Q4 2016.

"This was a fantastic transaction for our EMEA private equity practice, the sort of deal that does not come along very often and a source of pride and inspiration for our team," said White & Case partner Ian Bagshaw, who led the Firm's deal team. "Advising Sami and Itzhak on the deal, which represents a vote of confidence in Keter's potential and in the Israeli economy, demonstrates the strength of our practice and the role we play in ensuring our clients have success in pursuing their strategic ambitions."

Headquartered in Israel and founded in 1948 by Josef Sagol, Keter designs, engineers, produces and distributes a wide range of plastic consumer goods worldwide, and is considered one of the world's leading manufacturers and marketers of resin-based DIY household and garden consumer products. It operates 18 factories and two distribution centres across nine countries, employs more than 4,000 people and achieved sales of €800 million during 2015. Keter products are sold in 100 countries.

The White & Case team which advised on the transaction was led by partner Ian Bagshaw (London) and included partners Ken Barry, Martin Forbes, Prabhu Narasimhan, Nicholas Greenacre (all London) and Mark Powell (Brussels) with support from associates Steven Worthington, Nicole Vella, Linford Coates, Marc Rimmer, Nicola Chapman, Laura Hoyland, Edward Jackson (all London) and Jan Jeram (Brussels).