Freshfields Bruckhaus Deringer has advised China's Bright Food Group on its acquisition of a majority stake in Israel's largest food company Tnuva, estimated to be worth around $2.5bn according to media reports.
May 27, 2014 at 12:21 AM
1 minute read
The original version of this story was published on Legalweek
Freshfields Bruckhaus Deringer has advised China’s Bright Food Group on its acquisition of a majority share in Israel’s largest food company, Tnuva, for close to $1bn.
The transaction, which saw Bright Food take a 56% stake in Tnuva – valued at approximately $2.5bn as a whole – from private equity house Apax, is one of several steps by the state-owned food company to acquire brands from overseas.
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