Mirabelle Acquisition by Persn - Legal Counsel by Cuatrecasas
Deal News | Apr 01, 2025 | Iberian Lawyer
Cuatrecasas, a prominent Spanish law firm, has provided legal counsel to Persn, an Iberian company aiming to acquire Mirabelle, which is currently owned by Migros Beteiligungen. This acquisition is noteworthy as Persn actively expands its operations across the globe in the home care and personal hygiene sectors, having achieved a record turnover of EUR 862 million in the 2024 financial year. The Mibelle group, headquartered in Buchs, Switzerland, is well-regarded in the personal care, beauty, home care, and nutrition markets, with a workforce of approximately 1400. This acquisition deal also involved Niederer Kraft Frey (NKF), a Swiss law firm acting on behalf of Persn, indicating a cross-border collaboration scheduled to close in 2025. The transaction strategically places Persn in a favorable position to extend its international reach, with the synergy expected between the companies enhancing their market potential.
Sectors
- Legal Services
- Consumer Goods
- Manufacturing
Geography
- Spain – Headquarters of Persn, the acquiring company involved in the transaction.
- Switzerland – Headquarters of Mibelle, the target company being acquired in the transaction.
Industry
- Legal Services – The transaction involved law firms Cuatrecasas and Niederer Kraft Frey providing legal expertise in the acquisition process.
- Consumer Goods – Both Persn and Mibelle operate in the consumer goods sector, focusing on home care, personal hygiene, and beauty products.
- Manufacturing – The deal involves companies like Persn and Mibelle which have significant manufacturing operations in various international locations.
Financials
- EUR 862 million – Record turnover achieved by Persn in the 2024 financial year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Persn | Acquirer | Company | An Iberian multinational company active in home care and personal hygiene sectors. |
| Mibelle Group | Target Company | Company | A Swiss-based company specialising in personal care, beauty, home care, and nutrition. |
| Migros Beteiligungen | Vendor | Company | Current owner of Mibelle, selling the company to Persn. |
| Cuatrecasas | Legal Advisor (Spain) | Company | Acted as the Spanish lead counsel for Persn in the acquisition deal. |
| Niederer Kraft Frey (NKF) | Legal Advisor (Switzerland) | Company | Provided Swiss legal counsel for Persn in the acquisition deal. |