Nestlé and R&R Ice cream will form a new entity called Froneri

Private equity fund PAI partners, owner of R&R Ice Cream and Nestlé will form a new entity called “Froneri”. The two are some of the world's top ice cream companies and the joint venture will cover markets in Europe, the Middle East, Africa, South America and the Philippines. 

The deal is expected to close around the end of the year, subject to employee consultations and regulatory approval, and will employ 15 000 people.  

Stephen Lloyd, London corporate PE partner leading on this transaction comments that this will be “a highly complex and high value joint venture that will create a global leader, whilst realizing substantial synergies.”  

At local level RTPR Allen & Overy has advised on Romanian law aspects of this deal, the team comprising Counsel Loredana Chitu (Boeru), Associate Adrian Cristea and Junior Associate Andrada Rusan. According to Loredana Chitu, “Such a huge deal is exactly what A&O is all about, combining global reach and local depth. Just to give some flavour on this, think of a due diligence report on Nestlé covering 25 jurisdictions.”

by Mihaela Constantin

January 28, 2021 09:42
With a score of 44 points out of 100, Romania remains in the top three most co...more »
January 13, 2021 11:54
With over 20 years of experience in management positions, Bogdan Dobre took ov...more »
January 11, 2021 15:00
The Romanian mergers and acquisitions (M&A) market recorded 91 transaction...more »
Govnet Next Events