CVC Capital Partners

Asia Pulp & Paper and CVC weigh bids for Essity tissue unit

Asia Pulp & Paper and CVC Capital Partners are separately weighing bids for Essity's consumer tissue division, with RGE also named as a potential bidder, Bloomberg reported citing people familiar with the process. The business, which includes the Cushelle, Tempo and Tork brands, could be valued at around EUR 3bn (USD 3.4bn), and a sale process is expected to start this month. Essity says its strategic review remains open and it may decide not to divest.

Why this mattersA sale would transfer the Cushelle, Tempo and Tork brands from Essity to an Asian pulp and paper group or a financial sponsor, changing ownership of a major European tissue portfolio.

• Asia Pulp & Paper and CVC Capital Partners are separately considering bids for Essity's consumer tissue division, according to Bloomberg sources
• RGE is also named as a potential bidder
• The tissue business, including the Cushelle, Tempo and Tork brands, could be valued at around EUR 3bn (USD 3.4bn)
• The sale process is expected to start this month
• Essity says its strategic review remains open, including the possibility of not divesting

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