Lindsay Goldberg LLC entered into a definitive agreement to acquire ARYZTA North America from ARYZTA AG (SWX:ARYN) for enterprise value of $850 million on March 12, 2021. Under the transaction, ARYZTA will continue to use the La Brea and Otis Spunkmeyer brands for 2-year period. The transaction is subject to customary closing conditions and regulatory approvals.

The transaction is expected to complete by the end of ARYZTA's current 2021 financial year. Houlihan Lokey and Martin Menzi of Alantra acted as financial advisors to ARYZTA AG. Goodwin Procter and Homburger acted as legal advisor to ARYZTA AG.

KPMG acted as an accountant to ARYZTA AG. David J. Perkins, Richard Hall, J. Leonard Teti II, Jennifer S. Conway, Annmarie M. Terraciano, Jesse M. Weiss, Brian M. Budnick, Laurel R. Berkowitz, Sonia Katharani-Kahn, and Laura S. Lee of Cravath, Swaine & Moore LLP acted as legal advisors to Lindsay Goldberg.