Platinum Equity Advisors announces the proposed acquisition of Continental Bakeries
17 November 2021
In cooperation with Lathan & Watkins, Houthoff is advising Platinum Equity Advisors LLC on the acquisition of the leading European bakery group, Continental Bakeries.Goldman Sachs Asset Management has reached a conditional agreement to sell Continental Bakeries to Biscuit International, a Platinum Equity portfolio company.
Continental Bakeries and Biscuit International are European producers of private label biscuits. The proposed combination is expected to be mutually beneficial for both companies, combining the companies’ complementary product portfolios, creating deeper geographic presence in Europe and greater product development and supply chain resources. The combined group will be in an even better position to serve its clients’ needs going forward.
Completion of the transaction is anticipated during the first half of 2022, subject to customary antitrust approvals and completion of the employee consultation procedures.
Houthoff is assisting Platinum Equity Advisors in the proposed acquisition of Continental Bakeries. The team is led by Michiel Pannekoek and includes Guillette van Grinsven, Vivian van de Haterd, Anyke Bakker, Anouk Boutens, Myrthe Prinsze, Dianne Vos and Josine van Slingerland.