PEP Takes 50% Stake In Swedish Personal Care Giant

Law360, New York (November 4, 2011, 1:38 PM EDT) -- Swedish personal care product manufacturer Svenska Cellulosa Aktiebolaget has agreed to sell half of itself to Australian private equity firm Pacific Equity Partners for about $484 million in order to expand existing operations in the Australasia region, the companies announced Friday.

The transaction, which is subject to approval by the governments of Australian and New Zealand, is expected to close in the next two to three months, they said.

“The combination of SCA’s global expertise, along with PEP’s track record of investing to support the growth...
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