Debevoise & Plimpton LLP has advised funds advised by Helios Investment Partners (“Helios”), the leading Africa-focused private investment firm, in the completion of the sale of its 49% stake in GBfoods Africa (“GBFA”) to its partner and co-shareholder, The GBfoods SA (“GBfoods”).
Debevoise advised Helios in the original establishment of GBFA in 2017. It was a joint venture between Helios and GBfoods, formed through the combination of GBfoods’ existing bouillon cubes business in Africa and the acquisition of brands Gino, Pomo, Jago, and Bama. The combined platform generates 70% of gross profit from core brands and has a strong established presence in over 30 African markets.
For full detail of the transaction, see the official press release here.
The Debevoise team advising Helios was led by partner Geoffrey Burgess and international counsel Philipp von Holst, and included associate Sarah Hale. Antitrust advice was provided by partner Timothy McIver.