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Ontex Receives Cash Payment from Hypera

Payment related to 2017 acquisition

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By: Karen McIntyre

Editor, Nonwovens Industry

Ontex Group NV has received 500 million Brazilian Reais (€81 million) from Hypera S.A. (“Hypera”, formerly Hypermarcas S.A.) on October 1, 2021. The payment was related to an agreement, announced on September 15, 2021, settling certain claims relating to Ontex’s acquisition of the Brazilian personal hygiene business from Hypera in March 2017 for an enterprise value of 1 billion Brazilian Reais.

After deduction of €7 million arbitration-related costs, the balance of the settlement amount will be used to pay down debt, consistent with the group’s ambition to reduce leverage.


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