IFLR1000

Beijing Sanyuan Foods and Fosun €625 million acquisition of St Hubert

23/1/2018
Acquisition finance, Private acquisition
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€ 625 million

$ 733 million

Completed

23/1/2018

Overview:

  • Chinese state-owned entities Beijing Sanyuan Foods and Fosun acquired French margarine maker St Hubert from private equity house Montagu for €625 million by acquiring the business' controlling shareholders Brassica TopCo and PPN Management.
  • The buyers financed the deal with an acquisition facility borrowed from Société Générale, JP Morgan and Unicredit. 

Ben Naylor - Regional editor

Jurisdictions:

China
France
Luxembourg

Deal types:

Acquisition finance
Private acquisition

Practice areas:

Banking
M&A

Governing laws:

China
France

Industry sector:

Food and beverage

Firms:
Clifford Chance

Party: Société Générale (Lender)

Party: JP Morgan (Lender)

Party: Unicredit. (Lender)

Lawyer: Thierry Arachtingi

DLA Piper

Party: Fosun International Ltd (Acquirer)

Party: Beijing Sanyuan Foods (Acquirer)

White & Case

Party: Fosun International Ltd (Borrower)

Party: Beijing Sanyuan Foods (Borrower)

Lawyer: Denise Diallo

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