Debevoise Advises Helios in FMCG Joint-Venture

4 May 2017

The London and Frankfurt offices of Debevoise & Plimpton LLP have advised Helios Investment Partners (“Helios”) in the formation of a joint-venture with GBfoods, creating one of Africa's largest FMCG groups, operating in 30 African countries, including leadership positions in Nigeria and Ghana.

The joint-venture, called GBfoods Africa Holdco B.V., has acquired assets from different African companies including leading brands such as Jumbo (bouillon), Gino and Pomo (tomato paste), and Jago (milk powder and mayonnaise), as well as Bama (mayonnaise) distribution rights for Africa. The agreement also includes three production plants in Africa, one in Ghana and two in Nigeria, and incorporates more than 600 workers from different nationalities.

GBfoods is a Spanish headquartered international company focused on offering culinary solutions. It has had a presence in Africa for more than 40 years.

Helios is an Africa-focused private investment firm established in 2004. Helios' portfolio companies operate in more than 30 countries in all regions of the continent.

The Debevoise team advising Helios on the joint-venture was led by London partner Geoffrey P. Burgess and Frankfurt international counsel Philipp von Holst, and included associates Sayo Ogundele and Shashwat Patel. Antitrust advice was provided by London international counsel Timothy McIver and associate Anne-Mette Heemsoth.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.