Goldman, TPG Acquire Ontex For $1.53 Billion

US buyout firm TPG and a private equity arm of Goldman Sachs GS today agreed to acquire diaper-maker Ontex from rival Candover in a deal worth 1.2 billion euros ($1.53 billion). With the deal value just ahead of KKR's £955 million ($1.47 billion) deal for Pets at Home, the Ontex acquisition has become the largest European buyout so far this year. Under the deal, Goldman’s private equity arm and TPG have also acquired Ontex’s debt. Based in Zele, Belgium, Ontex is the market-leading manufacturer of private-label hygiene products including diapers and wipes in Europe. The transaction is expected to close before the end of the year. At 1:59 pm, GS’s shares were up 0.86% to $140.26. Read more from Benzinga's Markets.