White & Case advises VIVESCIA on sale of Délifrance and financing of VIVESCIA 3.0 project

Global law firm White & Case LLP has advised VIVESCIA on the sale of 100 percent of the share capital of Délifrance to the Belgian family-owned food group Vandemoortele.

White & Case has also advised VIVESCIA on the implementation, with the group’s banking partners, of a €750 million financing that may be increased up to €900 million.

VIVESCIA is an international agricultural and agri-food cooperative group. The five-year financing, which for the first time includes ESG criteria related to climate change and sustainable agriculture, will enable the group to launch its new transformation and development plan, VIVESCIA 3.0, to position itself as a leader in sustainable crop value chains and grain-based ingredients and to help build the agriculture of tomorrow.

Délifrance is one of Europe’s leading frozen bakery manufacturers.

The White & Case team which advised on the transaction was led by partners Raphaël Richard and Jean-Guillaume Meunier (both Paris) and included partners Michael Engel (London), Clara Hainsdorf, Valérie Ménard, Yann Utzschneider and Alexandre Ippolito (all Paris), counsel Kevin Boyero and Alexandre Martin (both Paris) and associates Yacine Arhmir, Noémie Jacquot, Hugo Chevillot, Emilio Dosso, Grégoire Berger, Hovig Cancioglu, Elisa Revers and Claire Sardet (all Paris).

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