Cleary Gottlieb is representing The Bel Group in the conclusion of an exclusive negotiation agreement, alongside the MOM Group’s management team, for the acquisition of a majority stake in the MOM Group from LBO France.
With brands like The Laughing Cow, Kiri, Mini Babybel, Leerdammer and Boursin, Bel is the world leader in single-serving cheese portions, selling in nearly 130 countries.
The transaction would enable Bel and MOM to create a major global player in the healthy snacks segment, founded on strong and innovative brands, and highly complementary product ranges and territories.
The deal will be submitted to both companies’ labor-representation bodies for consultation and to the relevant competition authorities for approval. It will also be subject to the usual closing conditions, with a view to completing the transaction by the end of 2016.