Firm advises Advent International on the acquisition of Provimi Pet Food
29.03.2011Company: CMS
CMS has advised Advent International, the global private equity firm and a longstanding Key Account of CMS, across seven countries on the agreement to acquire Provimi Pet Food (PPF), the third largest producer of private label wet and dry pet food in Europe, from the Provimi Group for an enterprise value of €188 million. The transaction is expected to complete following European Union merger clearance as well as the completion of certain other works council processes.
CMS provided seamless cross border advice in a number of jurisdictions, including the Czech Republic, France, Hungary, The Netherlands, Poland, Russia and Slovakia.
A Partner in the firm’s International Private Equity team, Graham Conlon, led on the deal. Graham comments, “Our extensive pan-European footprint was an effective match for Advent (a long-standing key client of the firm) and I am pleased that we were able to successfully advise them on the transaction.”
Ana Radnev, who led the debt-financing aspects of the transaction comments, “It was a great pleasure working with Advent on what was a challenging exercise and we will now be working to bring the transaction to a timely close.”
Chris Mruck, Managing Partner with Advent International, comments, “This was a complex multi-country acquisition, and I was very pleased with CMS’s ability to provide a seamless one-stop shop service across the breadth of jurisdictions and practice areas involved.”
Led by International Private Equity Partner, Graham Conlon, with Ana Radnev leading on the financing aspects of the transaction, the full team involved over 100 lawyers spread over 9 CMS offices, including Anela Musat, Gokce Kilic, John Faurescu, Roman Tarlavski, Christian Delgado, Marc Orval, Kveta Vojtova, Paul Stallebrass, Jean-Philippe Clement, Jean-Thomas Heintz, Marek Sawicki, Jakub Marcinkowski, Eva Talmacsi, Gabriella Ormai, David Cranfield, Anastasia Makarova, Ian Parker, Nina Dubovska, Susan Hankey and Siobhan Costello.
In 2010, CMS Cameron McKenna LLP expanded its private equity capacity with the joining of a 7-strong private equity/corporate team, including three partners. The team comprises key members of the “flying squad” that handled CEE / emerging market cross-border private equity backed M&A transactions at Linklaters for a number of years.
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