A cross-jurisdictional Carey Olsen team has advised Strategic Value Partners in its acquisition of Vita Group from TPG.
The U.K.-based Vita Group, which had been owned by TPG since 2005, develops, manufactures and markets flexible polyurethane, Talalay latex and flooring products to customers across Europe, the U.S. and China. Vita operates 37 sites in 15 countries and employs around 2,700 people.
Last year it recorded preliminary sales of 704 million euros and EBITDA of 40 million euros. The transaction completed on May 10 for an undisclosed sum.