Mayer Brown advises CVC on the proposed combination between Panzani and Cerealis

Paris – Mayer Brown advised CVC on the tax structuring of the proposed combination between Panzani and Cerealis.

The shareholders of Panzani and Cerealis have entered into exclusive negotiations with a view to combining the two groups, with the goal of creating an independent and diversified European food and agribusiness group. Backed by the founding families of Cerealis, Sofina, and – CVC which would reinvest in the new entity – the combined group will generate approximately €1 billion in consolidated revenue.

The completion of the transaction remains subject to the notification of and consultation with the relevant employee representative bodies, as well as the receipt of the required regulatory approvals.

Mayer Brown advised CVC on the tax structuring of the transaction with a team comprising Laurent Borey and Élodie Deschamps (partners), Jean-Philippe Coiffard (Counsel), and Clara Hamour (associate).