Kartesia provides financing for acquisition of Ecowipes group by Cornerstone
01.09.2023
We advised Kartesia Management, a European specialist provider of capital solutions for small and mid-sized companies, on Polish aspects of financing of its joint acquisition of biodegradable hygiene products manufacturer Ecowipes Group, consisting of Ecowipes Sp. z o.o. (Poland), and Hydra SAS (France). The acquisition was completed in partnership with Cornerstone Investment Management, a private equity investor based in Warsaw, Poland.
Our team consisted of Mateusz Tusznio (senior associate), Sylwia Boguska (associate) as well as Łukasz Szegda as a partner supervising the team.
Our team advised Kartesia in cooperation with Stibbe law firm. In this financing transaction Cornerstone was advised by Dentons.
Ecowipes is Europe’s leading vertically integrated producer of biodegradable wet wipes and other personal hygiene products. The company distributes its products to retailers and branded consumer companies in more than 15 countries.