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A&O advises Asahi on USD2.55 billion bid for Peroni, Grolsch and Meantime

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Hough Richard
Richard Hough

Partner

London

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Mathews Stephen
Stephen Mathews

Partner

London

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Appleton Matthew
Matthew Appleton

Partner

London

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Balfour Alasdair
Alasdair Balfour

Partner

London

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Sarah Henchoz

Partner

London

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Borthwick Trevor
Trevor Borthwick

Partner

London

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Ford Jim
Jim Ford

Partner

London

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Challen Lydia
Lydia Challen

Partner

London

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Ghiglione Paolo
Paolo Ghiglione

Partner

Milan

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Stevens Tim
Tim Stevens

Partner

Amsterdam

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Kinnegim Godfried
Godfried Kinnegim

Partner

Amsterdam

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Wall Nick
Nick Wall

Partner

Tokyo

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22 February 2016

Japanese beer brand’s bid to acquire Peroni, Grolsch and Meantime is the biggest M&A deal in Asahi’s history. 

A&O is advising Asahi on its bid for AB InBev’s Peroni, Grolsch and Meantime businesses as part of AB InBev’s divestment strategy in connection with its takeover of SABMiller. 

A binding offer agreement has been reached between Asahi and AB InBev, subject to the completion of AB InBev’s acquisition of SABMiller. The transaction is being run as an auction and Asahi won by pre-empting the process and submitting a binding offer ahead of the other auction participants. 

The deal, which is the largest acquisition in Asahi’s 127-year history, is transformational for Asahi’s business given the international profile of the brands. 

The acquisition is scheduled to be completed in the second half of 2016. 

A&O is also advising the banks that are funding a USD75bn loan to AB InBev for its merger with SAB Miller. 

The A&O team 

The A&O cross-border team is led by Corporate partner Richard Hough, supported by Corporate partner Stephen Mathews, senior associate Matthew Appleton, and associates Devika Sahdev, Dougall Meston, Grace Harvey and Anna Montgomery.  

Allen & Overy is also advising on Antitrust (partner Alasdair Balfour), Employment (partner Sarah Henchoz), Banking (partner Trevor Borthwick), transitional services (partner Jim Ford), and Tax (partner Lydia Challen). The Milan A&O team is led by partner Paolo Ghiglione, and in Amsterdam, by partner Tim Stevens with support from partner Godfried Kinnegim. Partner Nick Wall is the lead partner in Tokyo.