Bluesun Group Acquired by Continuation Fund
Deal News | Mar 17, 2025 | Iberian Lawyer
PHI Industrial has finalized the sale of the Bluesun Group, a Spanish leader in home care and laundry products, to a Continuation Fund. This transaction involves the transfer of 100% of Bluesun Group's shares, showcasing a pivotal move within the industrial sector. The Continuation Fund has garnered total commitments of 287 million euros for this acquisition. Bluesun Group, renowned for brands like Ambi Pur and Dreft, has a robust international presence across 40 countries. EY Abogados and finReg360 played advisory roles, ensuring smooth tax structuring, regulatory compliance, and operational transfers in Spain and Luxembourg.
Sectors
- Industrial Sector
- Financial Services
Geography
- Spain – Bluesun Group is a Spanish company and EY Abogados provided advisory services based in Spain.
- Luxembourg – EY Abogados also facilitated the advisory services for the continuation fund in Luxembourg.
Industry
- Industrial Sector – The article involves the sale of Bluesun Group, a company specializing in manufacturing and home care products within the industrial sector.
- Financial Services – The advisory roles played by EY Abogados and finReg360 highlight the involvement of financial services, focusing on tax structuring and regulatory compliance.
Financials
- 287 million – Total commitments of the continuation fund for the acquisition of Bluesun Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bluesun Group | Target | Company | Bluesun Group is a Spanish company specializing in home care and laundry products. |
| PHI Industrial | Vendor | Company | PHI Industrial is the selling company that owned Bluesun Group. |
| Continuation Fund | Buyer | Company | Continuation Fund is the entity that acquired 100% of Bluesun Group's shares. |
| EY Abogados | Tax and Structuring Advisor | Company | Provided tax structuring and incorporation services for the deal in Spain and Luxembourg. |
| finReg360 | Regulatory Advisor | Company | Advised on regulatory aspects of the transaction to ensure compliance. |