Glatfelter Corporation acquisition of Jacob Holm Group. The advisors

Glatfelter Corporation, a global supplier of engineered materials, has entered into a definitive agreement to acquire the Jacob Holm Group, a manufacturer of spunlace nonwoven fabrics headquartered in Basel, Switzerland, for an enterprise value of USD 308 million including the extinguishment of debt and subject to post-closing adjustments. The transaction is expected to close before the end of the year.

With the acquisition of Jacob Holm, Glatfelter will acquire four additional manufacturing facilities and six sales offices located in the Americas, Europe, and Asia, and approximately 800 employees world-wide.

The advisors

Homburger advised Glatfelter on the Swiss legal aspects of the transaction. The Homburger team was led by partners Daniel Hasler (pictured right) and Daniel Häusermann (pictured left) and included lead associate Angela Oppliger (corporate / m&a), associates Patrick Schmidt (corporate / m&a), Gabriel Kasper (IP / IT), Andrea Heiniger (employment and executive compensation), Yves Bianchi and Ramin Silvan Gohari (both competition), as well as junior associates Tanja Niederer and Magdalena Stock.

Credit Suisse acted as Glatfelter’s financial advisor while U.S. based Shearman & Sterling acted as its legal advisor.