Jan. 10, 2024 - What is a spurned seller’s recourse when a buyer walks away from a deal in breach of the purchase agreement? In private M&A, the answer is reasonably straightforward: sue the buyer to close the deal or to recover damages. In public M&A, however, the answer is murky at best. The problem arises...
Announcement
Danone Sells Vega to U.S. Private Equity Firm
Davies acted as Canadian counsel to Danone, a leading French multi-local food and beverage company, in the sale of Vega, the North American plant-based nutritional products brand, to funds managed by WM Partners, a U.S.-based private equity investment firm focused on the health and wellness industry.
The sale of Vega is part of Danone’s continuous capital allocation optimization and its ongoing strategic review of its portfolio of assets and brands. Danone had acquired Vega as part of its 2016 acquisition of Alpro maker WhiteWave Foods.
The transaction is subject to customary closing conditions.
The Davies team advising on the transaction included Vince Mercier and Antoine Le Bihan (Corporate/M&A); Marie-Emmanuelle Vaillancourt (Tax); Mark Katz (Competition); Gillian Stacey (Privacy); and Seann McAleese (Employment).
Related
As the Pandemic Abates, Activists Advance: Shareholder Activism Rebounds in Canada
Oct. 20, 2023 - Canadian shareholder activism continued its post-pandemic resurgence into the first half of 2023. Emerging trends include the “activist swarm,” where multiple—yet uncoordinated—activists converge on a single target with competing demands. Activism has also been on the rise in response to M&A...
