IFLR1000

Nomad Holdings $2.8 billion acquisition of Iglo Foods

1/6/2015
Acquisition finance, Private placement of shares, Public acquisition
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$ 2.8 billion

Completed

1/6/2015

Overview:

  • British Virgin Islands-based food company Nomad Holdings has completed its $2.8 billion acquisition of UK-based Iglo Foods.
  • Iglo was sold by private equity firm Permira Funds, and is Europe's largest frozen foods producer.
  • Permira had acquired Iglo from Unilever in 2006.
  • Financing was partly drawn from a $960 million private placement.

Kurt Stumpo - Journalist

Jurisdictions:

United States
United Kingdom

Deal types:

Acquisition finance
Private placement of shares
Public acquisition

Practice areas:

Private equity
M&A

Industry sector:

Food and beverage

Firms:
Clifford Chance

Party: Permira Funds (Seller)

Greenberg Traurig

Party: Nomad Holdings (Acquirer, Issuer)

Lawyers: Alan Annex, Andrew Caunt, Fiona Adams, James Mountain

Hogan Lovells

Party: Iglo Foods Group (Management)

Linklaters

Party: Credit Suisse (Lender)

Skadden Arps Slate Meagher & Flom

Party: Permira Funds (Seller)

Lawyers: Danny Tricot, Jon Hlafter, Jon Hlafter

Taylor Wessing

Party: Iglo Foods Group (Target)

Lawyer: Emma Danks

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