Sale by Lindsay Goldberg of Fresh Start Bakeries
On June 8, 2010, investment funds managed by Lindsay Goldberg and the remaining shareholders of FSB Global Holdings, Inc. (Fresh Start Bakeries), a global supplier of specialty bakery products, agreed to sell Fresh Start Bakeries to ARYZTA AG, a specialty baked goods company traded on the Swiss Exchange for USD 900 million. The transaction closed on July 9, 2010.
Lenz & Staehelin advised the sellers on Swiss corporate and securities law aspects within the context of this transaction, Cravath Swaine & Moore LLP being the overall lead counsel on the sale side. The Lenz & Staehelin team was led by Andreas Rötheli (corporate/M&A) and included Marie Berney.