TARK has advised world’s largest manufacturer and distributor of sewing thread and supplies Coats plc on the sale of the EMEA Crafts business to AURELIUS Group.
The Coats EMEA Crafts business is the leading supplier of textile craft products in Europe, with a history going back 250 years. The acquisition covered all Coats plc crafts business in EMEA and included Estonia, Latvia and Lithuania. With about 900 employees, the business generated revenues of EUR 100 million in 18 European countries in 2014.
AURELIUS Group is a mid-market pan-European investor focused on value creation through operational improvement. Employing more than 70 professionals, it has offices in Munich, London, Stockholm and Madrid, with portfolio companies operating throughout Europe. AURELIUS has particularly strong capabilities in the Industrials, Chemicals, Business Services, TMT and Consumer sectors and targets Pan-European private and public companies with revenues from EUR 40 million to EUR 1 billion.
TARK advised client on all legal matters to implement the transaction in the Baltic countries, including structuring of the local transfer and its implementation. The Firm advised on localizing the master transfer agreement governed by the UK law for Estonia, Latvia, and Lithuania.