FIH Partners advises the Mikkelsen family on the divestment of Jacob Holm to Glatfelter for an enterprise value of approximately DKK 2.0bn.
Jacob Holm is a world-leading specialist manufacturer of spunlace nonwoven fabrics and finished goods for a wide range of segments including Health Care and Beauty Care as well as Industrial applications. The company is renowned as the industry frontrunner in sustainability and for its premium, high quality products and is a valued innovation partner to a wide range of global industry leaders in Personal Care, Professional and Health & Skin Care segments.
Jacob Holm is in a high-growth phase having invested significant capital and resources in preparing for its next growth steps. The technology and resource reach offered by a combination with Glatfelter will be an important accelerator to put the company in an even better position to serve customers, communities, and other stakeholders.
The transaction is subject to customary conditions and approvals and is expected to close during 2021.
FIH Partners acted as exclusive M&A advisor to the shareholders on the transaction.