Cérélia’s Acquisition of US Waffle

Willkie represented Cérélia Group Holdings SAS in the transaction. While Gide represented Société Générale and ING Bank AG.

Cérélia Group Holdings SAS executed its acquisition of all of the outstanding capital stock of U.S. Waffle Company, Inc. (US Waffle), a privately-held frozen foods manufacturing company based in South Carolina.

Cérélia is a portfolio company of Ardian, a French-based private equity company, and is a leading transatlantic provider of innovative bakery solutions with a product portfolio including ready-to-bake pie and pizza dough, pancakes, crepes and cookies.

US Waffle specializes in the production of premium pancakes and waffles, using only the finest and freshest ingredients. Founded in 2013, the dynamic company has quickly scaled to support some of North America’s largest brands with on-trend products. Located in South Carolina, US Waffle has remarkable production and distribution capabilities, which can accommodate Cérélia’s ambitious growth plans and meet the high expectations of its customers.

The Willkie team advising Cérélia was led by partners Eduardo Fernandez (Picture) and Scott Miller and included associates Ryan Giggs, Ashley Whittington and Ralph Unger.

The Gide team advising the banks that financed this acquisition included Eric Cartier Millon, Nathalie Benoit, Margaux Allilaire and Margaux Lefebvre.

Involved fees earner: Margaux Allilaire – Gide Loyrette Nouel; Nathalie Benoît – Gide Loyrette Nouel; Eric Cartier-Millon – Gide Loyrette Nouel; Margaux Lefebvre – Gide Loyrette Nouel; Eduardo Fernandez – Willkie Farr & Gallagher; Ryan Giggs – Willkie Farr & Gallagher; Scott Miller – Willkie Farr & Gallagher; Ralph Unger – Willkie Farr & Gallagher; Ashley Whittington – Willkie Farr & Gallagher;

Law Firms: Gide Loyrette Nouel; Willkie Farr & Gallagher;

Clients: Cerelia; ING Bank; Société Générale;

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Federica Tiefenthaler

Author: Federica Tiefenthaler