Greenberg Traurig has advised VLET Holdings S. a r. l., a subsidiary Abris Capital Partners, on its acquisition of the Velvet Care paper hygiene product manufacturer from Avallon MBO II BV. Gessel assisted Avallon on the transaction, which remains contingent on obtaining standard regulatory approvals.
Abris Capital Partners is an independent private equity fund manager which pursues investment opportunities presented by medium-sized enterprises in the CEE markets. Avallon is an independent Polish private equity manager specializing in management buy-outs. Avallon MBO Fund II, with a value of EUR 109 million, pursues investment projects in a variety of sectors.
The Warsaw Greenberg Traurig team was led by Partner Rafal Baranowski and Senior Associate Filip Kijowski and included Warsaw Local Partner Anna Halas-Krawczyk, London Partner Henrietta Walker, and London Associate David Hirschman.
The Gessel team consisted of Senior Associates Malgorzata Wilczynska, Karolina Krzal, and Bartlomiej Wozniak, and Associate Katarzyna Olszak.