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Platinum Equity to Acquire Biscuit International from Qualium Investissement
Wednesday 27 November 2019

27 November 2019 - Los Angeles, US-based investment firm Platinum Equity has entered into negotiations to acquire Paris-based sweet biscuit manufacturer Biscuit International from France-based private equity firm Qualium Investissement, the company said.
The proposed transaction is subject to works council consultation, regulatory approval and customary closing conditions. No terms were disclosed.
Platinum Equity said it supports Biscuit International's plan to continue expanding its offering and its international reach, both organically and through additional add-on investments.
Natixis Partners is serving as financial advisor to Qualium Investissement on the proposed sale of Biscuit International. Cleary Gottlieb Steen and Hamilton is serving as Qualium Investissement's legal advisor on the proposed transaction.
Jeausserand-Audouard is serving as legal counsel to Biscuit International.
Platinum Equity is a global investment firm with more than USD 19bn of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world.
Qualium Investissement, which has the Caisse des Dépôts as its principal sponsor, is a historic player in capital investment in France. Qualium has invested in about 60 French companies since its creation in 1998.
Biscuit International was created in 2016 by the merger Groupe Poult and Banketgroep and grew through the acquisitions of A and W Feinbackwaren in Germany, Northumbrian Fine Foods in the UK, Stroopwafel and Co and Aviateur in the Netherlands, and Arluy in Spain.
Rothschild and Co is serving as financial advisor to Platinum Equity on the proposed acquisition of Biscuit International. Latham and Watkins is serving as Platinum Equity's legal advisor on the proposed transaction.
Date Published: 27/11/2019
Target: Biscuit International
Country: USA
Sector: Food/Beverages/Tobacco
Type: LBO
Status: Talks
Vendor: Qualium Investissement
Buyer: Platinum Equity
Buyer Advisor: Rothschild and Co , Latham and Watkins
Terms of the deal were not disclosed