Global law firm Norton Rose Fulbright advised Nomad Foods Limited in connection with the acquisition of Fortenova Group’s Frozen Food Business Group (FFBG) for an aggregate consideration of approximately €615 million on a debt-free, cash free basis.
FFBG is a leading European frozen food portfolio operating in attractive markets new to Nomad, including Croatia, Serbia and Bosnia & Herzegovina, Hungary, Slovenia, Kosovo, North Macedonia and Montenegro.
Jason Moss, a London-based corporate partner who led on the deal, commented:
“We are delighted to advise Nomad Foods on another acquisition that is aligned with its growth strategy. The team have been busy assisting clients and this trend of acquisitions looks set to continue.”
The Norton Rose Fulbright team was also led by corporate partner Chris Grieves, supported by senior associate Andrew Davies and associate Tayo David. The wider team included partner Dominic Stuttaford and senior associate Greg Branagan (tax), partners Tim Schaper, Ian Giles, senior associate Jamie Cooke and associate Melina Rohrbach (competition), partner Andrew Reeves (anti-bribery and corruption), partner Katie McDougall (sanctions), partner Mike Knapper and senior associate Lai Lynn Choong (IP/IT), partner Wasim Khan and associate Ben Chatzkelson (real estate), counsel Lauren Pullen-Stanley (employment), partner Marcus Evans and associate Shiv Daddar (data protection) and partner Saskia Blokland (Dutch corporate aspects).
Norton Rose Fulbright previously advised Nomad Foods on its acquisition of Goodfella’s Pizza and Aunt Bessie’s in 2018, and Findus Switzerland earlier this year.