Baker McKenzie acted as legal advisor to FSN Capital VI* in connection with the investments in OptiGroup and Hygas** to create a European Champion in business-to-business distribution. Together the two companies will have combined revenues of around EUR 1.3 billion and EBITDA in excess of EUR 100 million, serving customers in 20 countries with 1,900 employees. Existing shareholders and the management team will retain minority stakes in the combined group.
FSN Capital is a leading private equity adviser in the Northern European region with EUR 4 billion under management.
OptiGroup, headquartered in Sweden, is a leading European distribution Group offering customized supply solutions to B2B customers. Hygas is a leading Benelux supplier of hygiene products, medical disposables, protective equipment and services, and packaging materials for a wide range of industries across 14 offices.
The transaction is subject to approval from applicable authorities.
Baker McKenzie's core team consisted of Costin Mihailescu, John Gustafson, Alex Ydstie, Maja Nilsson, Isabel Starkebo, Daniel Högström, Fredric Ericsson, Xandra Ståhlberg, Mats Rooth, Ben Wilkinson, Georg Jonsson, Ronja Benediktsson (all in Stockholm) and Joost Polman and Magalie Zindel (both in Amsterdam).
* FSN Capital GP VI Limited, acting for itself and in its capacity as general partner or portfolio manager (as applicable) for and on behalf of each of FSN Capital VI L.P., FSN Capital VI Invest L.P. and FSN Capital VI Lux SCSp.
** Hygas Group includes the affiliated companies BFG and TPC.