La Regina and Campbell’s expand strategic partnership: legal advisers and transaction terms

Gianni & Origoni advised Campbell’s in Italy, supported on US aspects by Weil, Gotshal & Manges LLP and Ernst & Young, while Limatola Avvocati advised La Regina di San Marzano, La Regina Atlantica LLC and the related shareholders; financial and tax advice was provided by Houlihan Lokey and KPMG. The transaction provides for Campbell’s entry into the capital of La Regina through the acquisition of 49% of the shares of La Regina and of La Regina Atlantica LLC for a total consideration of USD 286 million. Up to USD 140 million of the purchase price may, at Campbell’s discretion, be paid by issuing unregistered shares of the US company. La Regina, a long-established Italian producer of premium ready sauces, reports annual revenues in excess of EUR 400 million. Campbell’s recorded revenues of USD 10.3 billion in its most recent fiscal year. The parties have set a joint industrial objective to accelerate the development of the Rao’s brand, which they estimate could exceed USD 1 billion in turnover through organic growth, innovation and expansion into new product categories. Gianni & Origoni represented Campbell’s with a team composed by: Gabriella Covino, partner; Mattia Casarosa, partner; Simone Riccioni, associate (corporate); Francesca Sciubba, counsel (tax); Cristina Capitanio, partner (employment); Eleonora Rainaldi, managing associate (employment); Alessio Tuccini, associate (employment); Alessandro De Ferrariis, partner (coordination of due diligence and civil-law matters). Weil, Gotshal & Manges LLP and Ernst & Young represented Campbell’s on US aspects of the transaction. Limatola Avvocati represented La Regina di San Marzano, La Regina Atlantica LLC and the related shareholders with a team composed by: Alessandro Limatola, managing partner; Simonetta Andrioli, partner. Houlihan Lokey represented La Regina and its shareholders on the financial side with a team composed by: Tommaso Lillo, managing director for Italy; Emilio Pestarino, director. KPMG advised on tax matters with a team composed by: Adriano Gaetani, partner; Michele De Pasquale, assistant manager.

La Regina and Campbell’s expand strategic partnership: legal advisers and transaction terms

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