PE-backed KDC/One to acquire Swallowfield's manufacturing biz
Longueuil, Québec-based Knowlton Development Corporation, a custom formulator and manufacturer serving the beauty, personal care and household sectors, has agreed to acquire Swallowfield's manufacturing business and associated assets. The price of the transaction is about 35 million pounds or about C$57 million. The deal is expected to close in August 2019. KPMG is serving as financial adviser to KDC/ONE on the deal with Weil, Gotshal & Manges providing legal advice. And, Baylor Klein is acting as financial adviser to Swallowfield plc, while Ashfords LLP is providing legal advice. KDC/One is backed by Cornell Capital, Caisse de dépôt et placement du Québec, Investissement Québec and HarbourVest Partners.
15 July 2019•6 mins read
