White & Case advised Ebro Foods, while Weil, Gotshal & Manges and PwC Société d’Avocats advised CVC Capital Partners in the transaction.
Leading Spanish agri-food group Ebro Foods S.A. (Ebro Foods) entered into exclusive negotiations with CVC Capital Partners VIII for the proposed disposal of the Panzani® dry pasta, couscous, sauces and semolina business.
The proposed transaction, announced by Ebro Foods on July 26, 2021, remains subject to French workers’ representatives’ information and consultation, customary regulatory approvals and the approval of an Ebro Foods General Shareholders Meeting. It is expected to complete before the end of 2021 and will be preceded by the carve-out of the fresh pasta and rice activities, including the flagship brands Lustucru Selection and Taureau Ailé, which will remain within Ebro Foods.
The White & Case team which advised on the transaction was led by partner Nathalie Nègre-Eveillard (Picture; Paris) and included partners Yann Utzschneider, Clara Hainsdorf, Estelle Philippi, Alexandre Jaurett (all Paris) and Juan-Manuel de Remedios (Madrid), counsel Sophie Nguyen, Mickael Rivollier and Orion Berg (all Paris) and associates Baptiste Fondeur, Amandine Grima, Camille Lehuby, Anne Sauvebois-Brunel, Cécilia Grosjean and Michel Courtois (all Paris).
The PwC Société d’Avocats team included Xavier Étienne, Arielle Ohayon-Cohen, Julie Givernaud, Isabelle de la Gorce, Youlia Haidous, Gaëlle Toussaint David, Alexandra Violain, Bernard Borrely, Corinne Bourdelot, Jinny Song.
Involved fees earner: Bernard Borrely – PwC Tax & Legal; Corinne Bourdelot – PwC Tax & Legal; Isabelle de la Gorce – PwC Tax & Legal; Xavier Etienne – PwC Tax & Legal; Julie Givernaud – PwC Tax & Legal; Youlia Haidous – PwC Tax & Legal; Arielle Ohayon-Cohen – PwC Tax & Legal; Jinny Song – PwC Tax & Legal; Gaëlle Toussaint-David – PwC Tax & Legal; Alexandra Violain – PwC Tax & Legal; Orion Berg – White & Case; Michel Courtois – White & Case; Juan Manuel de Remedios – White & Case; Baptiste Fondeur – White & Case; Amandine Grima – White & Case; Cécilia Grosjean – White & Case; Clara Hainsdorf – White & Case; Alexandre Jaurett – White & Case; Camille Lehuby – White & Case; Nathalie Nègre-Eveillard – White & Case; Sophie Nguyen – White & Case; Estelle Philippi – White & Case; Mickaël Rivollier – White & Case; Anne Sauvebois-Brunel – White & Case; Yann Utzschneider – White & Case;