KKR has entered into a definitive agreement with Campbell Soup Company (Campbell) to acquire certain international operations from Campbell. The transaction is valued at approximately US $2.2 billion.
As part of the transaction, KKR will acquire Arnott’s (the iconic Australian biscuit brand and a major driver of Campbell International’s sales), Campbell’s simple meals and snacking brands in markets including Australia, New Zealand, Indonesia, Malaysia, Singapore, Hong Kong and Japan, and Campbell International’s manufacturing operations in Australia, Indonesia and Malaysia.
Under the terms of the agreement, KKR and Campbell will enter into a long-term licensing agreement for the exclusive rights to use certain Campbell brands, including Campbell's, Swanson, V8, Prego, Chunky and Campbell's Real Stock, in Australia, New Zealand, Malaysia and other select markets in Asia Pacific, Europe, the Middle East and Africa.
Allens worked with US-based firm, Simpson Thacher & Bartlett LLP, on the legal aspects of the deal.
Allens legal team
Emin Altiparmak (Partner), Tom Story (Partner), Noah Obradovic (Managing Associate), Keegan Lopez (Senior Associate), Dixon Song (Associate), Andrew Lee (Lawyer) and Kye-Ren Cheong (Law Graduate).
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Andrew Wiseman (Partner), Tommy Chen (Senior Associate), Kaelah Ford (former Senior Associate), Elliot Burton (Associate), Tiernan Christensen (Associate), Millie Grant (Lawyer) and Max Jones (Law Graduate).
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Michael Morris (Partner), Jessica Selby (Managing Associate), Michael Anthony (Associate), Grace Walton (Associate), Tom Webster (Associate) and Hamish McHardy (Law Graduate).
Michael Graves (Partner), Lucy Woodruff (Senior Associate), Olivia Roslaniec (Associate), Avan Jussawalla (Senior Associate), Daniel Popple (Associate) and Maddy Ryan (Law Graduate).
Simon Dewberry (Partner) and Brad White (Lawyer).
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Rachel Nicolson (Partner), Dora Banyasz (Senior Associate) and Ellie Wyatt (Law Graduate).
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Bill McCredie (Partner), Emily Johnstone (Senior Associate), David Thorpe (Senior Associate), Katherine McLellan (Associate) and Rae Mozejko (Associate).
Jacqueline Downes (Partner), Jennifer Bannan (Senior Associate) and Georgia Sands (Associate).
Joseph Power (Partner), Craig Milner (Partner) and Jay Prasad (Senior Associate).
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David Donnelly (Partner), Kanana Fujimori (Associate) and Helen Santamaria (Associate).
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Geoff Sanders (Partner) and Philip Marquet (Senior Associate).
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.