Ashurst advises Rothschild on £127.5 million takeover of Accrol

Global law firm Ashurst is advising Rothschild on the recommended cash offer for Accrol Group Holdings plc (Accrol) by Navigator Paper UK Limited (Bidco), an indirect wholly owned subsidiary of The Navigator Company, S.A. (Navigator).

Navigator is a large Portuguese intergrated pulp, paper, tissue, packaging and biomass-based energy company, listed on the Euronext Lisbon Stock Exchange, with a market capitalisation of approximately €2.73 billion.

Accrol is a leading tissue converter and supplier of toilet tissues, kitchen rolls, facial tissues, and wet wipes to many of the UK’s leading discounters and grocery retailers across the UK. Accrol is admitted to trading on AIM and its registered head office is located in Blackburn, UK.

The Ashurst team is being led by corporate partner Tom Mercer, assisted by associate Colin Bugler.

/Public Release.