LONDON – LAWFUEL – Law News, Law Jobs – Allen & Overy is advising United Biscuits, a leading European manufacturer of biscuits and snacks, on its agreed sale from Cinven and MidOcean partners to the purchasing consortium of The Blackstone Group LP and PAI partners for GBP 1.6 billion (USD 3 billion). The deal is expected to close by December 2006.
The principal lawyer involved at Allen & Overy was senior associate Gordon Milne in a team led by Corporate partners David Wootton and Mark Gearing, with assistance from Charlotte Lawrence and David Foster. Pensions partner Mervyn Parry, assisted by Steven Lam and employment partner Stefan Martin, assisted by Felicity Gemson are also advising on the transaction.
Commenting, David Wootton said: “We are very pleased to continue our long and successful relationship with United Biscuits, advising them on this transition in their ownership. We assisted United Biscuits earlier this year on the sale of its Southern Europe business to Kraft Foods and we look forward to working with them in the future.”
For further information, please contact Karen Levin ([email protected]) on +44 20 3088 4341.