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Linklaters and Clifford Chance Advises on Cornerstone Investment Management's Acquisition of Ecowipes

Linklaters and Clifford Chance Advises on Cornerstone Investment Management's Acquisition of Ecowipes

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Linklaters has advised Cornerstone Investment Management on its and Kartesia's acquisition of Ecowipes. Clifford Chance advised Ecowipes. Reportedly, Dentons advised on financing aspects of the deal.

Cornerstone Investment Management is a private equity investment management firm. Kartesia is a European specialist financing provider. Ecowipes is a European manufacturer of biodegradable wet wipes. 

According to Linklaters, “this acquisition is highly significant to the ESG strategy followed by both investors. Ecowipes has been one of the top European producers of innovative and fully biodegradable nonwoven products since 2011 and it has built an excellent reputation for quality, sustainability, and innovation. The company’s wide product portfolio comprises, among others, wipes, cosmetic pads, and cotton buds which are produced in a modern factory in Nowy Dwor Mazowiecki with a technologically advanced machinery park.”

The Linklaters team included Warsaw-based Partners Marcin Schulz and Malgorzata Szwaj, Counsel Christopher Quinn, Managing Associates Klaudia Sliwka, Michal Szperzynski, Lukasz Burakowski, Wojciech Podlasin, and Szymon Sieniewicz, Senior Associates Natalia Burchardt-Mroczkowska, Lukasz Czerepak, and Barbara Wanat, Associates Justyna Tuleja, Maksymilian Hau, Aleksandra Mielniczuk, Yuliia Stepanyk, and Daria Wojciechowska, and Junior Associates Jakub Korobczuk as well as further team members in Luxembourg, Paris, and Duesseldorf.

The Clifford Chance team included Managing Partner Agnieszka Janicka, Counsel Tomasz Derda, Senior Associates Aleksandra Wlaszczuk and Aleksandra Ulatowska, and Associates Mariusz Wisniewski, Marcelina Slugocka, Nikoletta Koziol, Agata Parys, Adam Szyndler, and Julia Piotrkowicz.

Editor's Note: After this article was published, Dentons confirmed it had advised Cornerstone Investment Management on the financing agreement with Kartesia. The firm's team was led by Warsaw-based Partner Tomasz Zwolinski and Senior Associate Katarzyna Mazur and included lawyers in Paris, Luxembourg, and Amsterdam.

Subsequently, Wardynski & Partners confirmed it had worked with Stibbe to advise Kartesia. The firm's team included Partner Lukasz Szegda, Lawyer Mateusz Tusznio, and Junior Lawyer Sylwia Boguska.

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