Bel Group Projected Acquisition of Majority Stake in MOM Group from LBO France
August 16, 2016
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.