Our Website Uses Cookies 

We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.

For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Covington Advises Mexico’s Grupo Mabe on its Sale to Ontex Group

December 9, 2015

NEW YORK, December 9, 2015 - Covington advised Grupo P.I. Mabe, the leading producer of hygienic products in Mexico, on its sale to Ontex Group NV, a publicly listed company based in Belgium. The transaction is expected to close in the first quarter of 2016.

The transaction will require regulatory approvals in Mexico, the US and certain other countries, and has a value of approximately US$425 million (MXN 7,200 million), consisting of cash, newly issued Ontex shares, and the assumption of Grupo Mabe’s debt.

The Covington team was led by Rubén Kraiem and Gabriel J. Mesa, and included corporate associates Cecile Zwiebach and Laura Torre.  Rob Heller advised on tax, Michael Francese handled employment and benefit matters and Jim O’Connell gave antitrust advice.

Share this article: