CMS has advised private equity fund Resource Partners, a longstanding client of the firm, on its sale of Delicpol, a manufacturer of cookies sold under private labels, to Continental Bakeries, a manufacturer of sweets owned by Goldman Sachs Merchant Baking Division and Silverfern, a private equity fund. Noerr Warsaw advised the buyers on the deal. Closing of the transaction is contingent on the approval of market regulators.
“The transaction may be one of the largest transactions carried out on the Polish foodstuffs market this year,” claims CMS Partner Marek Sawicki, who led his firm's team on the deal. “The food sector has been undergoing consolidation and we may expect further ownership changes in the near future.” Sawicki was supported by Senior Associate Izabela Gebal.
Noerr Partners Jakub Lerner and Ludomir Biedecki led the firm's team representing Continental Bakeries. Additional team members included Rafal Kozlowski, Marta Smolarz, Mateusz Slodczyk, Tomasz Garncarek, and Wojciech Nowosad.