CVC Capital Partners in Exclusive Final Negotiations with Campbell Soup Company and Related Acquisition Financing

August 12, 2013

Cleary Gottlieb is representing CVC Capital Partners, a leading global private equity firm, in exclusive final negotiations CVC entered into with Campbell Soup Company following a firm offer made by CVC to acquire certain European activities (excluding the UK, Ireland, Middle East and Africa activities) of Campbell Soup Company (“Campbell Europe”).

Campbell Europe is a leading consumer food business primarily active in Belgium, France, Germany, Sweden and Finland. Campbell Europe owns a leading brand portfolio of heritage consumer brands primarily in soups, sauces and bouillons. In fiscal 2012, Campbell Europe generated annual net sales of approximately €400 million.

The proposed transaction, which has been announced on August 12, 2013, will be presented to the employee representatives, as part of the information and consultation procedures, and is subject to the relevant regulatory approvals.

CVC is one of the world’s leading private equity and investment advisory firms. Founded in 1981, CVC today has a network of 21 offices and 280 employees throughout Europe, Asia and the United States. To date, CVC has secured commitments of over US$50 billion in funds from a diverse and loyal investor base, completing over 300 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of over US$150 billion.

Campbell Soup Company is a manufacturer and marketer of high-quality foods and simple meals, including soup and sauces, snacks and healthy beverages. Founded in 1869, the company has a portfolio of market-leading brands.