Shearman & Sterling advises the investment fund FnB Private Equity on its entry into exclusive negotiations with Nestlé to acquire Mousline®, its mashed potato activity in France and for export.

FNB has positioned itself in this takeover project as part of a growth and diversification strategy for the Mousline® brand. FNB is carrying out a project offering new phases of development and innovation, based on the quality of the teams and the industrial and environmental performance of the Rosières factory.

FNB is a financial and sector focused player, exclusively dedicated to supporting French and European SMEs in the food industry and managed by a team of entrepreneurs who themselves come from the food industry. With over 35 years of operational, managerial and investment experience, they support regional industrial flagships by encouraging approaches that respect consumers and the environment.

FNB Private Equity and Nestlé are convinced that this exclusive negotiation would promote the development of the Mousline® brand, its product portfolio and its operational activities.

This sale project could be finalized during 2022, after the legal procedure of information and consultation of the social partners and the negotiation of the sale contracts.

The Team