William Blair acted as exclusive financial advisor to Garnica, a portfolio company of ICG, in connection with its pending sale to Carlyle. The transaction was signed on October 18, 2022 and is expected to close by early 2023.
About the Companies
Garnica is a globally recognized leader in the production of innovative, high-quality plywood designed for a range of applications and end-markets. The company works with wood from sustainable and renewable sources and is committed to respecting nature, people, and the community and preserving the ecological balance. Garnica is strategically located in the five most important poplar plantation basins in Europe. The company has 1,200 employees in its seven production centers, of which five are located in Spain and two in France.
ICG is a leading global alternative asset manager that provides flexible capital solutions to help companies develop and grow. They have over 30 years’ history managing $71 billion of assets and investing across the capital structure. ICG operates across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit, developing long-term relationships with their business partners to deliver value for shareholders, clients, and employees.
Carlyle is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions. With $376 billion of assets under management as of June 30, 2022, Carlyle’s purpose is to invest and create value on behalf of its investors, portfolio companies and the communities. Carlyle employs more than 1,900 people in 26 offices across five continents.
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