Campbell Soup Co. has agreed to sell Arnott’s biscuits, an iconic biscuit brand in Australia, to private equity firm KKR. Photo: TY Lim/Shutterstock.com
The deal involves KKR acquiring Arnott’s Biscuits, an iconic Biscuit brand in Australia, as well as Campbell’s simple meals and snacking brands and its manufacturing operations in several markets.
August 07, 2019 at 03:22 PM
1 minute read
Correspondent, Sydney
King & Wood Mallesons and Weil, Gotshal & Manges advised Campbell Soup Company on the $2.2 billion sale of Australia’s Arnott’s Biscuits and other Campbell’s international operations to international private equity firm KKR, while Simpson Thacher & Bartlett and Linklaters-aligned Allens advised KKR.
KWM has a longstanding relationship with Campbell Soup, having first advised Campbell on its initial takeover offer of Arnott’s in 1993.
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