CC and A&O take the $1bn biscuit deal
By Charlotte Edmond
July 09, 2006 at 08:03 PM
2 minute read
Clifford Chance (CC) and Allen & Overy (A&O) have scooped roles in Kraft Foods' purchase of part of the United Biscuits network, a deal worth $1.07bn (£600m).
CC Madrid corporate partner Jose Maria Fernandez-Daza and London corporate partner Brendan Moylan are advising Kraft. It is thought that the firm gained the role through its relationship with Philip Morris, which is also owned by New York-based Altria.
A&O is acting for United Biscuits, an existing client of the firm. A&O has acted alongside Macfarlanes on United Biscuits' purchase of Jacobs Biscuit Group in 2004. Corporate partner Susan Howard headed the team.
Ashurst, a previous adviser to Kraft, missed out on the deal due to a conflict. Ashurst and Davis Polk & Wardwell advised Kraft on its £798m sale of its sugar confectionary business to Wrigley at the end of 2004.
Under the agreement, Kraft will acquire the Spanish and Portuguese operations of United Biscuits. The Illinois-based food giant will also regain the Nabisco trademarks, including Oreo and Ritz, in the European Union, Eastern Europe, the Middle East and Africa. Kraft had sold these brands to United Biscuits in 2000. Kraft will also give up its current 25% stake in United Biscuits. The deal is expected to close in the third quarter of this year.
US firm Sutherland Asbill and Brennan tax partners Clifford Muller, J Randall Buchanan and Robert Chase worked on the tax aspects of the deal for Kraft.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Partners from Baker McKenzie, DLA Piper and PwC Join New Firms in Australia
4 minute read
India Firm Engaged as Volkswagen Sues Local Authorities Over $1.4B Tax Bill
De Brauw Partner Departs for In-House Role with Swiss Family Enterprise
Reed Smith Joins Saudi Legal Boom as UK and US Firms Race for Market Share
5 minute readTrending Stories
- 1Ticket-Fixing Scheme Results in Western NY Judge's Resignation—for a Second Time
- 2Legal Community Mourns the Loss of Trailblazing Judge Dorothy Chin Brandt
- 3Delaware Supreme Court, Reversing Chancery, Lowers Review Standard for TripAdvisor Move to Nevada
- 4Haynes and Boone Expands in New York With 7-Lawyer Seward & Kissel Fund Finance, Securitization Team
- 5Upstart Insurer That's Wowing Industry Hires AIG Legal Exec to Help Guide Global Expansion
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
