CJ CheilJedang $1.8 billion acquisition of 80% stake in Schwans

26/2/2019

Acquisition finance, Private acquisition

Value:

$ 1.8 billion

Status:

Completed

Date:

26/2/2019

Overview:

South Korean food company CJ CheilJedang has acquired an 80% stake in Schwan's Co, an American food distributor, for $1.8 billion.
CJ CheilJedang took a loan to finance the acquisition.

Rajeeb Gurung - Researcher

Jurisdictions:

United States
South Korea
Italy

Deal types:

Acquisition finance
Private acquisition

Practice areas:

Banking
M&A

Industry sector:

Food and beverage

Firms:

Cleary Gottlieb Steen & Hamilton

Party: CJ CheilJedang (Acquirer, Borrower)

Lawyer: Carlo de Vito Piscicelli

Faegre Drinker Biddle & Reath

Party: Schwan's Co (Seller)

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