International law firm CMS is advising long-standing client, Finsbury Food Group (Finsbury), a leading manufacturer of bakery goods, on its proposed sale to Frisbee Bidco Limited (Bidco) for £143.4 million.
Bidco, which was formed for the purpose of the acquisition, is owned by funds managed by DBAY Advisors Limited, an asset management firm based in the Isle of Man.
On completion of the deal, which is subject to Finsbury shareholder approval, AIM listed Finsbury will revert to being a private business under Bidco’s ownership.
The CMS team was led by James Parkes, with support from Client Relationship Partner Louise Wallace and Alice Frydl (Corporate); Cathy Wears (Share Incentives); and Russell Hoare (Competition).
