New York – April 20, 2015 – The international law firm of Greenberg Traurig LLP represented Nomad Holdings Limited (LSE: NHL) in its definitive agreement to acquire Iglo Foods Holdings Limited, Europe’s leading frozen food company. Nomad agreed to acquire Iglo from a company backed by the Permira funds for approximately €2.6 billion and upon closing, Nomad intends to change its name to Nomad Foods Limited, as announced in the company’s press release, found at this link: Nomad Holdings Limited to Acquire Iglo Foods Holdings Limited for €2.6 billion.
Iglo Group is the leading frozen food company in Europe, with sales across 12 countries and a specific focus on markets in the United Kingdom, Germany, and Italy where the Company maintains manufacturing operations. The Company’s brands, which enjoy a leading market share in each of their respective regions, include Birds Eye in the UK and Ireland, Iglo in Germany, Austria, the Netherlands, and other continental European markets, and Findus in Italy.
With this anchor investment in Iglo Group, Nomad seeks to build a portfolio of best-in-class companies and brands within existing, as well as new, categories. In addition to supporting Iglo Group’s organic growth initiatives, Nomad will pursue strategic and complementary acquisitions intended to enhance its consumer offering and deepen its market leadership.
Other members of the team included: Shareholders Kenneth A. Gerasimovich (New York), Brian J. Gavsie (Fort Lauderdale), R. Bruce Steinert, Jr. (San Francisco), and Emma L. Menzies (London); Of Counsel Mary K. Marks (New York); and Associate Zachary M. Schlichter (Fort Lauderdale).