Carnegie acted as adviser to Jacob Holm & Sons STA in the acquisition of Tytex from Thygesen Textile Group – a holding company owned by the Danish private equity investor Axcel and the Thygesen family. Jacob Holm & Sons STA manufactures and markets advanced industrial non-woven textiles based on synthetic fibres such as polyester and polyprone. The textiles are applied within areas such as industrial filtration of air and liquids, performance and protective apparel and certain medical applications. Tytex manufactures and markets advanced medical textile products based on natural fibres to the global health care industry. July, 2006.