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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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Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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