IFLR1000

Danone $10.4 billion acquisition of WhiteWave Foods

7/7/2016
Public acquisition
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$ 10.4 billion

Completed

7/7/2016

Overview:

  • French food-product company Danone has acquired US-based WhiteWaves Foods in a $10.4 billion deal.
  • The deal is completely debt-financed, and is the largest acquisition by Danone since 2007.
  • JPMorgan and BNP Paribas provided a bridge loan of $13.1 billion to finance the acquisition. 
  • Citigroup and other banks acted as joint bookrunners for a $5.5 billion yankee bond offering. 

Kurt Stumpo - Journalist

Jurisdictions:

United States
France

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Food and beverage

Firms:
Skadden Arps Slate Meagher & Flom

Party: WhiteWave Foods (Target)

Lawyers: Marc Gerber, Stephen Arcano

Wachtell Lipton Rosen & Katz

Party: Danone (Acquirer)

Lawyers: Joshua Cammaker, Michael Benn

White & Case

Party: BNP Paribas (Mandated lead arranger, Bookrunner, Underwriter)

Party: JPMorgan Chase (Mandated lead arranger, Bookrunner, Underwriter)

Party: Citigroup (Joint bookrunner)

Lawyers: Alexandre Ippolito, Max Turner, Philippe Herbelin, Raphaël Richard, Séverin Robillard

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