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Dentons and Wardynski & Partners Advise on CIM and Kartesia Financing of Ecowipes Acquisition

Dentons and Wardynski & Partners Advise on CIM and Kartesia Financing of Ecowipes Acquisition

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Dentons has advised Cornerstone Investment Management on its financing agreement with Kartesia for the acquisition of biodegradable hygiene product manufacturer Ecowipes Group, including its French affiliate Hydra Beauty & Clean. Wardynski & Partners, working with Stibbe, advised Kartesia.

According to Dentons, following this ESG transaction, the buyers want to create a large group around Ecowipes, which will, among other things, focus on sustainable consumer solutions across Europe. CEE Legal Matters reported on the acquisition itself back inĀ July 2023.

According to Wardynski & Partners, Kartesia is a European specialist provider of capital solutions for small and mid-sized companies. Cornerstone Investment Management is a private equity investor based in Warsaw.

"Ecowipes has three of the most technologically advanced biodegradable nonwovens factories in Europe, two in Poland and one in France," Dentons reported. The company produces wet wipes, cotton buds, and cotton pads mainly under private labels for major retail chains such as Auchan, Biedronka, and Lidl, but also has its own brands: Tami and Rapid Clean.

The Dentons team was led by Warsaw-based Partner Tomasz Zwolinski and Senior Associate Katarzyna Mazur and included lawyers in Paris, Luxembourg, and Amsterdam.

The Wardynski & Partners included Partner Lukasz Szegda, Lawyer Mateusz Tusznio, and Junior Lawyer Sylwia Boguska.

Dentons at a Glance

Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you.

Dentons is one of the leading law firms in CEE and Central Asia with offices in Warsaw, Prague, Budapest, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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