CVC Capital to Buy Campbell’s European Businesses
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CVC Capital to Buy Campbell’s European Businesses

campbells nfCVC Capital Partners has entered into exclusive final negotiations with the Campbell Soup Company to acquire certain European activities (excluding the UK, Ireland, Middle East and Africa activities) of Campbell’s.

Campbell Europe is a consumer food business active in Belgium, France, Germany, Sweden and Finland. Campbell Europe owns a portfolio of consumer brands primarily in soups, sauces and bouillons including Devos Lemmens, Royco, Liebig, Déli Soup, Erasco, Blå Band, Touch of Taste and Lacroix. In fiscal 2012, Campbell Europe generated annual net sales of approximately €400 million. Campbell Europe is headquartered in Puurs, Belgium and employs approximately 1,300 people (click HERE for the Campbell Europe website).

“CVC is delighted to have entered into exclusive final negotiations for the acquisition of Campbell Europe. Campbell Europe is a strong business with iconic brands, experienced management and dedicated employees. CVC is committed to successfully growing the business further and to supporting its leading brand portfolio,” said Steven Buyse, Senior Managing Director of CVC Capital Partners.

CVC has raised fully committed senior debt financing with Rabobank, ING and BNP Paribas Fortis as joint underwriters and bookrunners.

CVC invests in a range of industries with a specific interest in industrial and service businesses. To date, CVC has raised over $60 billion in capital completing over 300 investments with an aggregate transaction value of $150 billion. The firm, founded in 1981, is based in London and has a network of 21 offices and 280 employees throughout Europe, Asia and the United States (www.cvc.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 8-13-13

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