Nomad Foods to acquire Findus Switzerland
On November 9, 2020, Nomad Foods Limited (NYSE: NOMD) announced that it has entered into an agreement to acquire Findus Switzerland from Froneri International Ltd. and certain intellectual property from an affiliate of Nestlé S.A. for aggregate consideration of approximately EUR 110 million on a debt-free, cash-free basis. The transaction is expected to be completed in the beginning of 2021.
Goldman Sachs International acted as financial advisor and Norton Rose Fulbright and Lenz & Staehelin are acting as legal advisors to Nomad Foods on the transaction. The Lenz & Staehelin team is led by Stephan Erni (M&A) and includes Nicole Humbel and Leo Rusterholz (both M&A), Pascal Hinny and Stephan Brandner (Tax), Marcel Meinhardt, Astrid Waser and Désirée Stebler (all Antitrust), and Nicole Koch-Frey (Employment, Pension).