Firm News

Mishcon de Reya advises Danish brewer on the sale of brewing operations in the Eastern Caribbean

Mishcon de Reya has advised Royal Unibrew A/S on the sale of its majority interests in 3 breweries and a bottling plant in the Eastern Caribbean to a group based in the Dominican Republic. A Share Purchase Agreement was signed and the completion of the transaction, which is subject to certain conditions, is expected to occur in January 2010.

Royal Unibrew A/S is the second largest brewery group and largest beer exporter in Scandinavia. Its head office is located in Faxe, Denmark and the Group comprises of 12 breweries and one soft drink producer.

The target companies were located in three different jurisdictions.  The due diligence was done in New York and the contracts were negotiated in London. 

Mishcon de Reya Corporate Partner, Larry Nathan led the team and was assisted by John Young, Kiran Sandford, Mary Guinness, Vishvas Kanji and Kirpal Kaur. 

Jens-Ole Legart, General Counsel for Royal Unibrew A/S, commented,
“We were delighted with the professional and seamless service Mishcons provided. The Mishcon team properly understood our business objectives and executed the transaction efficiently.”

Larry Nathan, Corporate Partner, Mishcon de Reya commented,
“This was a challenging transaction which brought out the best in the team."

For the Dominican purchaser, Sidley Austin LLP were the legal advisors, Merrill Lynch the investment bankers and PWC the accountants.