MAZARS advises Paragon Partners on the carve-out of businesses from BK Giulini GmbH

Munich, 9th March 2015 - The audit, accounting and consulting group MAZARS in Germany has advised the Munich based financial investor Paragon Partners on the carve-out of the hygiene solution (“Anti-Germ International“) and water treatment (“Medentech“) businesses from BK Giulini GmbH in Ludwigshafen (part of SEC listed Israel Chemicals Ltd. Group).

MAZARS undertook financial due diligence, supported the preparation of the carve-out, and provided advice regarding the sale and purchase agreement. Post-closing, MAZARS supports the execution of the carve-out and the integration of the controlling/accounting functions.

The carved-out entities currently employ approximately 400 staff and have a footprint in 11 countries.

Post-acquisition, Paragon Partners will integrate the two acquired group businesses into the structure of one medium-sized company. In this context Paragon Partners will realize internal and external growth opportunities.

 

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PM 2015-03-09 MAZARS advises Paragon Partners