LAWFUEL – The Legal Newswire – International law firm Clifford Chance is advising Kraft Foods Inc on its offer to acquire the global biscuit business (including the LU brand) of Groupe Danone for USD 7.2 billion in cash. The deal will see Kraft Food Inc becoming Europe’s largest maker of cookies.
The Clifford Chance team was led by partners Sarah Jones, Eric Davoudet, Christian Lachèze Gilles Lebreton and Marcus Billam.
Sarah Jones commented: “We are delighted to be advising Kraft on this acquisition which will transform its international business. It has been a great privilege to work alongside Kraft’s excellent deal team and we look forward to working with them to bring the transaction to a successful close. “
Notes to Editors:
1. Corporate: The corporate practice, which comprises 820 legal advisers worldwide, handles some of the world’s largest and most complex M&A transactions. The practice combines global transaction capability with a full service of English, US and civil law expertise in the key financial centres across Europe, the Americas and Asia. In addition to mainstream M&A, the firm also encompasses leading specialist practices in: commercial contracts, competition and antitrust, communications, energy, healthcare, financial institutions, funds, investment banking, insurance, media and technology, and private equity.
The practice focuses on providing practical and commercial legal advice. Clients include investment banks and financial institutions, multinationals and other public and private corporations, private equity providers and management teams, asset management clients, international partnerships and governments.
2. Clifford Chance LLP is one of the world’s leading professional service organisations, helping clients achieve their goals by combining the highest global standards of business and law with local specialist service. The firm is organised around six legal practice areas: capital markets; corporate (including M&A); finance; litigation and dispute resolution; real estate; and tax, pensions and employment law. Clifford Chance has 28 offices in 20 countries, and 3,800 legal advisers.
3. Clifford Chance is Law Firm to the Rugby World Cup 2007
For further information about Clifford Chance see www.cliffordchance.com