Eversheds Sutherland advises The Navigator Company, S.A. on its £127.5m recommended takeover of Accrol Group Holdings plc

Eversheds Sutherland is advising global integrated pulp and paper giant, Navigator Company, S.A. (Navigator), on its £127.5m recommended takeover of Accrol Group Holdings plc (Accrol).

Navigator is a large Portuguese integrated pulp, paper, tissue, packaging and biomass-based energy company, listed on the Euronext Lisbon Stock Exchange, with a market capitalisation of approximately €2.73 billion.

Accrol, which is admitted to trading on AIM, is a leading tissue converter and supplier of toilet tissues, kitchen rolls, facial tissues and wet wipes to many of the UK leading discounters and grocery retailers.

The Eversheds Sutherland team, led by corporate partner Alistair Cree and Principal Associate Annika Unsworth, comprised: corporate Partners Stephen Nash and Rodrigo Almeida Dias, employee incentives Partner Danny Blum, commercial Partner Rachel Cooper and employment Legal Director Amanda Smith.

Assistance was provided by Associates Laura Murton, Oscar Coombe, Emma Jones and Victoria Green.

The deal is expected to be concluded in Q2 of this year.

Alistair Cree, Eversheds Sutherland, commented:

“I have thoroughly enjoyed working alongside the team from Navigator on the transaction, which we are thrilled to be part of. These sorts of deals require a real team effort and this was demonstrated throughout. I look forward to developing the relationship we have built with Navigator over the years to come. Congratulations to all involved.”

Vasco Ferreira, Head of Business Development, The Navigator Company, S.A., commented:

“Many thanks to Ali, Annika and the rest of the Eversheds Sutherland team for their assistance on this milestone project – first class advice all round.”