September 21, 2021
Weil advised Ardian in its acquisition of a majority stake in Florida Food Products, the leading innovator, formulator and producer of vegetable and fruit-based clean label ingredients, through its U.S. buyout team from MidOcean Partners, for an enterprise value in excess of $1 billion. MidOcean Partners will retain a significant stake in Florida Food Products alongside Ardian. The transaction is expected to close in the fourth quarter of 2021.
The Weil team that advised Ardian included Private Equity Co-Head Doug Warner and Private Equity associates Hannah Schmitz and Gracy Wang. The team also included Banking & Finance associates Justina Chen and Sarah Gohary; Tax partner Jonathan Macke; Tax counsel Eric Behl-Remijan; Private Equity Executive Compensation & Benefits Head Michael Nissan; Executive Compensation & Benefits partner Sarah Downie; Technology & IP Transactions partner Charan Sandhu; Technology & IP Transactions/Privacy associates Kane Wishart, Rami Sherman and Alex Theuer; Real Estate associates Elizabeth Jaikaran and Katherine Medianik; Environmental Head Annemargaret Connolly; Regulatory Transactions partner Shawn Cooley; Regulatory Transactions counsel John O’Loughlin; Regulatory Transactions associate Nathan Cunningham; Antitrust partner Vadim Brusser; Antitrust associates Marie-Marie de Fays and Jarui Wang; and Complex Commercial Litigation partner Susan Shin.