AURELIUS Equity Opportunities SE & Co. KGaA (HMSE:AR4) agreed to acquire What's Cooking Savoury Belgium NV from What's Cooking Group NV/SA (ENXTBR:WHATS) on October 18, 2024. The transaction includes acquisition of What's Cooking Savoury Belgium NV and its subsidiaries in Belgium, the Netherlands, UK and Germany that produce, slice and sell savoury cold cuts (together the Strategic Business Unit (SBU) Savoury). Whats Cooking Savoury Division or Strategic Business Unit has reported annual revenues of more than ?460 million. The transaction is subject to approval by regulatory board / committee and subject to antitrust regulations. The proposed transaction is subject to customary conditions, employee consultation. The transaction will result in net equity value for What's Cooking, of approximately ?100 million after costs incurred. The transaction is expected to close during 2024 or at the latest early 2025.

OXEYE Advisors B.V. and KPMG Advisory CVBA/SCRL acted as financial advisor to AURELIUS Equity Opportunities SE & Co. KGaA. Jakub Lorys, Dominique Maes, Michael Van Acker, Mohammed Almarini, Joost Polman, Roderick Beudeker and Cornelien Broersma of Baker & Mckenzie Cvba, Baker & Mckenzie International B.V., Baker & Mckenzie Partnerschaft Von Rechtsanwälten Wirtschaftsprüfern,Steuerberatern Und Solicitors and Haver & Mailander acted as legal advisor to AURELIUS Equity Opportunities SE & Co. KGaA. Ernst & Young Belgium acted as accountant to AURELIUS Equity Opportunities SE & Co. KGaA. Oc&C Strategy Consultants Benelux provided commercial vendor due diligence to Aurelius in their acquisition of What?s Cooking Savoury Belgium.

AURELIUS Equity Opportunities SE & Co. KGaA (HMSE:AR4) completed the acquisition of What's Cooking Savoury Belgium NV from What's Cooking Group NV/SA (ENXTBR:WHATS) on January 10, 2025. The relevant conditions, employee consultation and regulatory approvals have been fully completed and all approvals have been obtained. Gianluca Kreuze, Marc Vermylen, Audrey Jarreton of Loyens & Loeff (Singapore) B.V. acted as legal advisor to AURELIUS Equity Opportunities SE & Co. KGaA .