Kirkland Advises Phi Industrial on the Closing of a Single Asset Continuation Fund for BlueSun
Kirkland & Ellis advised Spanish private equity sponsor Phi Industrial on the successful closing of a new continuation fund in connection with its portfolio company, BlueSun Holdco S.L., a leading manufacturer and brand manager of household care products. The continuation fund closed on €287m of aggregate commitments and will provide additional time and capital to allow Phi Industrial to continue growing the BlueSun business alongside its management team, and execute on an attractive M&A pipeline in Europe. Hollyport Capital provided an anchor commitment as lead investor alongside Kline Hill as co-underwriter, with additional commitments from existing investors, new institutional investors and Phi Industrial’s latest flagship fund.
The transaction was announced on March 12, 2025.
Read the transaction press release
The Kirkland team included investment funds lawyers Aleksander Bakic, Amrit Sagoo, Hugh Oliver and David Melvin; and tax lawyers Gal Shemer and Limeng Sun.
