Metro $290 million acquisition of Classic Fine Foods

Overview:

• German retailer Metro has acquired Classic Fine Foods from EQT Partners for an initial enterprise value of $290 million.
• Classic Fine Foods brings luxury gourmet products from Europe such as French cheeses, meats, seafood, pasta to many of the five-star hotels and high-end restaurants in Asia. It operates in 25 cities in Asia.
• Baker & McKenzie Wong & Leow (Andrew Martin) acted for the seller EQT Partners.
• Clifford Chance represented Metro.

 Candy Chan - Journalist - Asia-Pacific