BlueSun Expands with Acquisition of German Company Fit
Deal News | Jun 05, 2025 | Iberian Lawyer
BlueSun, a Spanish company owned by Phi Industrial fund and specialized in detergent production, has acquired the German company Fit, expanding its international footprint with the assistance of DLA Piper. The acquisition was financed by a broad syndicate of entities led by PGIM, CaixaBank, and Santander, among others. This move will increase BlueSun’s workforce to around 1,000 employees and its annual turnover to over 500 million euros, with products sold in over 40 markets. The advisory work was led by DLA Piper’s international team across several jurisdictions including Germany and the Netherlands.
Sectors
- Manufacturing
- Private Equity
- Legal Advisory
- Financial Services
Geography
- Spain – BlueSun, the acquiring company, is based in Spain.
- Germany – Fit, the company being acquired, is based in Germany.
- Europe – The transaction has implications across Europe with production plants in Germany and Spain, and legal advisory in different European jurisdictions.
Industry
- Manufacturing – BlueSun and Fit are involved in the production of detergents, which falls under the manufacturing sector.
- Private Equity – The acquisition involves Phi Industrial fund, a private equity entity, which owns BlueSun.
- Legal Advisory – DLA Piper, a legal advisory firm, played a crucial role in the acquisition process.
- Financial Services – The deal involved a syndicate of financial institutions providing financing, highlighting the financial services sector.
Financials
- 500,000,000 – Combined annual turnover in euros after expansion from the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BlueSun | Acquiring Company | Company | Spanish company specialized in detergent production, owned by Phi Industrial fund. |
| Fit | Target Company | Company | German company being acquired by BlueSun. |
| Phi Industrial | Owner of Acquiring Company | Company | Private equity fund owning BlueSun. |
| DLA Piper | Legal Advisor | Company | Provided legal advisory services for the acquisition. |
| PGIM | Financier | Company | Led the syndicate of financing entities for the acquisition. |
| CaixaBank | Financier | Company | Part of the financing syndicate for the acquisition. |
| Santander | Financier | Company | Part of the financing syndicate for the acquisition. |
| Muzinich | Financier | Company | Part of the financing syndicate for the acquisition. |
| Artemid | Financier | Company | Part of the financing syndicate for the acquisition. |
| Siemens | Financier | Company | Part of the financing syndicate for the acquisition. |
| Eiffel | Financier | Company | Part of the financing syndicate for the acquisition. |
| ING | Financier | Company | Part of the financing syndicate for the acquisition. |
| DZ Bank | Financier | Company | Part of the financing syndicate for the acquisition. |