Natixis Acted as Exclusive Financial Advisor to Chinese Consortium Acquiring Leading European Food Manufacturer
Natixis advised consortium on cross-border acquisition of French food and beverage producer St Hubert
Natixis is pleased to announce the closing of a high-profile cross-border transaction it facilitated for one of the bank’s key clients: the acquisition by a Chinese consortium formed by Beijing Sanyuan Foods Co., Ltd. (“Sanyuan”; ticker: 600429) and subsidiaries of Fosun International Limited (“Fosun”; ticker: 00656) of French food and beverage producer St Hubert. Natixis acted as exclusive financial advisor to the Chinese consortium.
In July last year, a Put Option Agreement was signed with the controlling shareholders of St Hubert, which paved the way for its acquisition of 100% of the share capital of St Hubert by the Chinese consortium. The final closing of the transaction was subject to Chinese regulatory and antitrust approvals, which were secured in January 2018.
Sanyuan is one of China’s leading dairy companies listed on the Shanghai Stock Exchange. Fosun, a publicly listed entity on the Hong Kong Stock Exchange, is a family-focused multinational company, which owns 20.45% of Sanyuan.
After the completion of the transaction, St Hubert will make its debut into the attractive Chinese consumer market, leveraging its parent’s channels and resources in China. Sanyuan will also work towards maintaining St Hubert’s leadership position in its home markets in France and Italy.
Alain Gallois, Chief Executive Officer, Asia-Pacific, commented on the transaction: “This high-profile transaction speaks to Natixis’ ability to execute significant and complex cross-border M&A transactions across different countries, languages and jurisdictions in a seamless manner. With our growing M&A capabilities in Asia, we at Natixis aim to continue to serve as a trusted advisor to Asian corporates looking to expand overseas into Europe and the US.”
CEO of Corporate & Investment Banking, Asia Pacific, Natixis
Alain Gallois is Chief Executive Officer at Natixis’ Corporate & Investment Banking division, Asia Pacific. He started his career in 1992 in the Financing...