Ellex Raidla Counsel to Fazer Group in its Divestment of Fazer Food Services
Ellex Raidla acts as counsel to Fazer Group in its divestment of Fazer Food Services to Compass Group PLC in respect of the sale of Fazer Food OÜ, an Estonian private limited liability company. The transaction is subject to EU Commission competition approval. Fazer Food Services is a premier food service provider in the Nordics, with approximately 1,000 restaurants and 7,000 employees in Finland, Sweden, Denmark, Norway and Estonia. Compass Group PLC is a leading global food service provider, operating in around 50 countries with more than 550,000 employees.
The transaction has been agreed for an enterprise value of approximately EUR 475 million, excluding closing balance sheet adjustments and earn-out upside potential.
The lead counsel of the transaction is Hannes Snellman.
Ellex Raidla team was led by Partner Risto Vahimets and Senior Associate Karl-Erich Trisberg. Senior Associate Martin Mäesalu advised on competition law matters and Associate Anna Trine Raudsepp on corporate law matters.
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