Paul Hastings Advises Hansol Paper on European Acquisition

October 02, 2013
Seoul/Frankfurt (October 2, 2013) - Paul Hastings, a leading global law firm, announced today that it represented Hansol Paper Co., Ltd. (“Hansol Paper”), a Korean paper manufacturer, in its acquisition of Schades Group (“Schades”) from Capidea Kapital, a Danish private equity fund. Schades is a leading European supplier of thermal paper rolls and self-adhesive labels for specialty applications, which has production and sales subsidiaries in Denmark, Germany, the U.K., France, Finland, Sweden and Belgium.

The parties signed the share purchase agreement on September 12, 2013 and the transaction closed on September 30, 2013. Following the acquisition, Hansol Denmark ApS, the investment unit of Hansol Paper, would own a 97.5% stake in Schades.

This transaction involved multi-jurisdictional support from lawyers in Paul Hastings’ Seoul, Frankfurt, London and Paris offices. The Korea team was led by partners Dong Chul Kim and Daniel Sae-Chin Kim, with support from associate Steve Kang. The Frankfurt team was led by partners Dr. Ali Sahin and Dr. Regina Engelstädter, with support from associate Dr. Matthias Scieranski. Both teams were supported by London partner Garrett Hayes and Paris partner Alexis Terray and associates George Weston and Charlotte Pennec.

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