Cookies on our website

We use cookies on our website. To learn more about cookies, how we use them on our site and how to change your cookie settings please view our cookie policy. By continuing to use this site without changing your settings you consent to our use of cookies in accordance with our cookie policy.

Read more Close
Skip Ribbon Commands
Skip to main content
Sign In

News

A&O advises as Froneri enters Israel with acquisition of Nestlé ice cream business

 

11 July 2019

Leading ice cream business Froneri has acquired the Noga Ice Creams Limited Partnership, part of the Nestlé-owned business Osem Group, which means Froneri will be entering the Israeli market for the first time.   This deal brings all of the Nestlé Europe, Middle East and North Africa ice cream businesses into the Froneri Group.

Froneri is a leading global ice cream business present in over 20 countries with revenues of over EUR2.6 billion.  It was created in 2016 as a joint venture between PAI Partners and Nestlé, on which Allen & Overy also advised PAI Partners.  Froneri is the second largest manufacturer of ice cream in Europe, the third largest worldwide and the number one private label producer worldwide.

Commenting on this transaction, private equity partner Peter Banks, who led the A&O team, comments: "This is a milestone deal for Froneri as it takes its first steps in the Israeli market and we were very pleased to work with them to achieve it having advised on the joint venture which created the business."

Peter led the transaction, with support from Lee Noyek in Israel and associate Caroline Crawford in London. Israeli legal advice was provided by Herzog, Fox and Neeman.​

For further information, please contact Elizabeth Randall at Elizabeth.Randall@allenovery.com, on +44 (0)20 3088 2989.

 

Author

 

News search




Related people



  • Add comment (optional)