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London’s Instinctif Partners is handling Froneri’s $4B acquisition of Nestle USA’s ice cream business to power its foray into the $10B American market.
Created in 2016 with the merger of some of Nestle’s European ice cream business with R&R Ice Cream plc owned by French private equity firm PAI partners, Froneri is now acquiring brands such as Häagen-Dazs, Dreyer’s, Skinny Cow, Edy’s, Nestle Ice Cream, Outshine and Drumstick.
“We’re delighted to be bringing such well-loved US brands into the Froneri family,” said CEO Ibrahim Najafi in a statement. He promised to “continue to invest, innovate and develop the business further.”
Instinctif’s Victoria Cross, Floyd Jebson, Guy Scarborough and Matthew Smallwood are working the deal.
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Longacre Square Partners represents H Partners Management, which is waging a proxy fight at Harley-Davidson.
Prosek handles GTCR’s announcement of the $24B sale of Worldpay, payments technology company, to Global Payments.
C Street Advisory Group handles the Chapter 11 of Publishers Clearing House as the home of the iconic “prize patrol” sheds its direct mail and magazine subscription businesses.
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