Ashurst advises UB FIGG on its acquisition of FiberLean Technologies Limited

Global law firm Ashurst has advised UB FIGG on its acquisition of 100% of FiberLean Technologies Limited from the Werhahn Group.

UB FIGG is a private equity fund investing in companies focused on plastic and other fossil based material replacements, higher value and more efficient use of wood and agricultural raw material side streams and greater use of these raw materials across a wide range of intermediate and end uses.

FiberLean is a leading producer of grinding equipment for the production of MicroFibrillated Cellulose (MFC), with an extensive patent portfolio related to MFC production both in-sheet and as a surface layer.

Under the new ownership of UB FIGG, FiberLean will focus on the sale of its scalable MFC grinders based upon its patented processes.

The Ashurst team was led by partner Chris Grey, supported by lead associate Jack Mason-Jebb. The wider team included partner Christopher Bates and Rhiannon Webster, senior associates Tom Brookes, Aimi Gold and Aaron Cole and associates Hana Byrne and Siân Deighan. Partner Tim Rennie led on global loans matters alongside associate Audrey Lynch. Employment advice was led by partner Ruth Buchanan and senior associate Natalie Flynn, while partner Sarah-Jane Dobson, senior associate Thomas Panter and associate Emily Bodger advised on disputes aspects. Partner Eleanor Reeves, senior associate Joanna Fox provided real estate, planning and environment advice. Partner Duncan Liddell led on competition advice.