Latham Advises on the Sale of Findus Group’s Continental European Businesses

Team led from London leads transformational deal involving iconic European food brand.

August 13, 2015

Nomad Foods Limited (LSE: NHL) announced today that it has entered into an option agreement with LionGem Sweden 1 AB (the “Seller”), a company backed by a group of investors, including Lion Capital LLP, Sankaty Advisors and a global investment firm, under which Nomad or one of its subsidiaries shall be obliged at the option of the Seller to acquire Findus Sverige AB and its subsidiaries for approximately £500 million. Through this transaction Nomad will acquire Findus Group’s continental European businesses in Sweden, Norway, Finland, Denmark, France, Spain and Belgium. These operations include the intellectual property and commercialisation rights to the Findus, Lutosa, and La Cocinera brands in the respective markets. The remaining part of the Findus Group, including Young’s Seafood Limited in the UK, will remain under the ownership of the Seller.

Latham & Watkins advised the seller on the transaction with a corporate team led by London partner Tom Evans, with partner James Inness and associates Daniel Treloar, Douglas Abernethy, Neil Campbell and Sarah Steele. Finance advice was provided by London partners Jennifer Engelhardt and Christopher Kandel. Paris corporate partner Gaetan Gianasso and employment partner Matthias Rubner advised on French law aspects.

 
 
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