PRESS RELEASE
11 December 2024

A&O Shearman Advise 3i Group Plc On Investment In WaterWipes

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
A&O Shearman advised leading international investment manager, 3i Group plc (“3i”) on their investment in WaterWipes to further accelerate WaterWipes growth in global markets.
United States

A&O Shearman advised leading international investment manager, 3i Group plc (“3i”) on their investment in WaterWipes to further accelerate WaterWipes growth in global markets.

Edward McCloskey, WaterWipes’ founder, is retaining a significant minority position, with the leadership team led by Paul Heeringa, CEO, re-investing and partnering with 3i.

3i will support WaterWipes’ expansion in Europe, Latin America and Asia, driving growth in its core baby and children’s range as well as capturing further opportunities in additional categories such as adult and convenience.

WaterWipes’ products are 99.9% water and made from only two natural ingredients. The purity makes its products highly differentiated and proven effective to help prevent and reduce negative skin reactions. Headquartered in Drogheda, Ireland, WaterWipes is geographically diversified with sales in over 45 countries and double-digit growth in both offline and online channels.

The multi-practice (A&O Shearman) team was led by European private equity sector co-lead Peter Banks with senior associate Soyeon Lim and Lauren Mawhinney, associates Oliver Barron, Arabella Robinson, Phoebe Toyne-Bridges and Andre-Pierre Cronje and trainee Patrick Kaufmann. The financing was led by European private equity co-lead and sponsor-side leveraged finance partner Neil Sinha and senior associate James Green, together with senior associate Fraser Jackson, associate Rhea Variava and trainee Juliette de Freitas Vile.

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.

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