Simpson Thacher Helps Snow Phipps Sell Off FiberVisions

Law360, New York (January 10, 2012, 6:28 PM EST) -- New York-based private equity firm Snow Phipps Group LLC has sold materials manufacturer FiberVisions Corp. to Indorama Ventures Public Co. Ltd., a Thai polyester producer, it announced Tuesday.

FiberVisions, based in Duluth, Ga., is a global market leader in synthetic fibers, specializing in mono- and bi-component polyolefin fibers used in everything from diapers to car seating to paper.

Terms of the deal, which closed Jan. 6, were not released.

Snow Phipps — which is now investing from its second, $884 million fund, which closed in September...
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