Home / Annual Review 2018 – 2019 / Supporting Growth / Cinven acquires PPF as European pet food market...
  1. Innovation
    1. Davos: winning trust in a digitalised, connected world
    2. Using technology to serve our clients
    3. Finding the balance: human touch versus high tech
    4. Connected Future: a global infrastructure report
    5. ShopBack seals latest major fundraising in Singapore
    6. FinTech reshapes financial services as sector booms
    7. WeWork: pioneering a new way of office working
  2. Anticipation
    1. Portuguese renewable energy sector heats up with EUR 600m Novenergia sale
    2. Tristan completes EPISO 5 fund raise amidst political turbulence
    3. Coty picks CMS as global adviser following beauty parade
    4. E-Procurement sets new commercial tone for EU contractors
    5. New challenges in a changing world
  3. Supporting Growth
    1. Advent seals EUR 1.9bn Zentiva deal as healthcare booms
    2. Liberty sells European assets to Vodafone in EUR 18.4bn mega-deal
    3. Cinven acquires PPF as European pet food market flourishes
    4. Advance takes centre stage with theatre group acquisition
  4. Managing Risk
    1. Protecting trade marks across Europe
    2. Markel takes Hippo to task in complex insurance arrears dispute
    3. New lab services agreements for Honeywell following Homes spin-off
    4. Creating a tax-effective structure for a private equity investment
    5. Climate change liability – new litigation risks
  5. Inside CMS
    1. From China to Chile: cultural differences and the ties that bind
    2. CMS breaks ground with first global tech start up programme, equIP
    3. Facing the future
  6. CSR and Diversity & Inclusion
    1. Helping to achieve a better world
  7. Interviews
    1. Interview with Olga Belyakova
    2. Interview with Jeremy Tan
    3. Interview with Laura Houet
    4. Interview with Ramón Huapaya
    5. Interview with Daniela Murer
    6. Interview with Christopher Jordan
    7. Interview with Herman Boersen
    8. Interview with Sibylle Schnyder
    9. Interview with Clemens Grossmayer
    10. Interview with Robert Stephen
    11. Interview with Mary Allan
    12. Interview with Matias Somarriva
    13. Interview with Denis Redon
    14. Interview with Joaquim Sherman de Macedo
    15. Interview with Eleanor Lane
    16. Interview with Niklas Zaugg
    17. Interview with Joachim Kaetzler
    18. Interview with Andreas Otto

Cinven acquires PPF as European pet food market flourishes

"This deal underlined the strengths of the CMS private equity team, with the international platform enabling us to deploy high calibre lawyers to deliver large, complex, cross-border deals within whatever timeframes our clients required, to give them an edge in the highly competitive market they operate in."
JAMES GRIMWOOD 
Partner Private Equity CMS London

CMS advised Cinven on its acquisition of Partner in Pet Foods (PPF), a prized asset in the European pet food market, from Pamplona Capital Management, having previously acted for Advent International on its sale to Pamplona in 2015.

The European pet food market is worth over EUR 23bn and is expected to grow at a significant pace over the coming years. PPF is a market leading player with more than 1,400 employees, nine manufacturing operations across Europe and distribution across 38 countries, all led by an exceptional management team.

CMS London partner James Grimwood and CEE-based partner Graham Conlon led a 60-strong pan-European CMS team, on the very fast deal timeline of a few days.

Commenting on the transaction, James Grimwood and Graham Conlon said, “This deal underlined the strengths of the CMS  private equity team, with the international platform enabling us to deploy high calibre lawyers to deliver large, complex, cross- border deals within whatever timeframes our clients required, to give them an edge in the highly competitive market they operate in”.

CMS continues to advise PPF on a range of matters, supporting the business as it capitalises on the wide growth opportunities available to it. 

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