Baker & McKenzie LLP
Baker & McKenzie LLP
08/07/2024 | Press release | Distributed by Public on 08/07/2024 15:25
Baker McKenzie advising Carlsberg on its £3.3 billion recommended cash acquisition of Britvic
Leading global law firm, Baker McKenzie, is advising global brewer, Carlsberg, on its recommended cash acquisition of international soft drinks business, Britvic PLC. The acquisition values the entire issued and to be issued ordinary share capital of Britvic at approximately £3.3 billion on a fully diluted basis and an implied enterprise value of approximately £4.1 billion.
The acquisition represents a highly attractive opportunity for Carlsberg and supports its overall growth ambition. The acquisition will build on its very successful bottling business in the Nordic region, and deepen and strengthen its footprint in Western Europe. Carlsberg intends to create a single integrated beverage company in the United Kingdom, to be named Carlsberg Britvic. The enlarged business will have a portfolio of leading brands across the beer and soft drinks categories.
Led by London Corporate Partner, Nick Bryans, the Baker McKenzie team includes:
• Corporate: James Thompson (Partner), Ben Saraci (Senior Associate), Cristina Brown (Senior Associate), Abigail Saffron (Associate), Olivia Wells (Associate), Rebecca Longe (Associate) and Ed Walters (Trainee)
• Banking & Finance: Ben Wilkinson (Partner), Lana Ahern (Senior Associate), Henry Gee (Associate) and Lakshmi Subharaman (Trainee)
• Commercial: Steve Holmes (Partner) and Maulik Mittal (Senior Associate)
• Employment & Benefits: Carl Richards (Partner), Jeremy Edwards (Partner), Annabel Mackay (Senior Counsel) and Aaron Grant (Associate)
• Pensions: Jonathan Sharp (Partner) and Mark Solomon (Senior Associate)
• Intellectual Property: Natalie Ellerby (Partner) and Ash von Schwann (Senior Associate)
Commenting on the transaction, Nick Bryans said: "This deal plays to our strengths on advising on high-profile, complex and multi-jurisdictional M&A transactions. We are delighted to be acting for Carlsberg on this important transaction and wish Carlsberg success in their ambition that Carlsberg Britvic will become the preferred multi-beverage supplier to customers in the UK with a comprehensive portfolio of market-leading brands."
The acquisition represents a highly attractive opportunity for Carlsberg and supports its overall growth ambition. The acquisition will build on its very successful bottling business in the Nordic region, and deepen and strengthen its footprint in Western Europe. Carlsberg intends to create a single integrated beverage company in the United Kingdom, to be named Carlsberg Britvic. The enlarged business will have a portfolio of leading brands across the beer and soft drinks categories.
Led by London Corporate Partner, Nick Bryans, the Baker McKenzie team includes:
• Corporate: James Thompson (Partner), Ben Saraci (Senior Associate), Cristina Brown (Senior Associate), Abigail Saffron (Associate), Olivia Wells (Associate), Rebecca Longe (Associate) and Ed Walters (Trainee)
• Banking & Finance: Ben Wilkinson (Partner), Lana Ahern (Senior Associate), Henry Gee (Associate) and Lakshmi Subharaman (Trainee)
• Commercial: Steve Holmes (Partner) and Maulik Mittal (Senior Associate)
• Employment & Benefits: Carl Richards (Partner), Jeremy Edwards (Partner), Annabel Mackay (Senior Counsel) and Aaron Grant (Associate)
• Pensions: Jonathan Sharp (Partner) and Mark Solomon (Senior Associate)
• Intellectual Property: Natalie Ellerby (Partner) and Ash von Schwann (Senior Associate)
Commenting on the transaction, Nick Bryans said: "This deal plays to our strengths on advising on high-profile, complex and multi-jurisdictional M&A transactions. We are delighted to be acting for Carlsberg on this important transaction and wish Carlsberg success in their ambition that Carlsberg Britvic will become the preferred multi-beverage supplier to customers in the UK with a comprehensive portfolio of market-leading brands."