Cornerstone Investment Management completed the acquisition of Lutèce B.V., from Greenyard NV.
August 02, 2021
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Cornerstone Investment Management signed an agreement to acquire Lutèce B.V., from Greenyard NV (ENXTBR:GREEN) on June 14, 2021. Cornerstone Investment Management was supported by Kartesia, a European specialist financing provider. The closing of the transaction is expected to occur during the summer of 2021. The divestment is not expected to have a material effect on Greenyard NV's financial results and it further supports the reduction of Greenyard NV's leverage ratio position as previously announced. Hans Pronk and Maarten Donlou of Coöperatieve Rabobank U.A. acted as exclusive financial advisors to Greenyard NV.
Cornerstone Investment Management completed the acquisition of Lutèce B.V., from Greenyard NV (ENXTBR:GREEN) on August 3, 2021. Bondrager, Rens; Castelein, Diewertje; Fraussen, Michiel; Hoet, Louis; Keizer, Arnold; Kets, Hans; Kluwen, Eva of Allen & Overy LLP acted as legal advisors to Greenyard in the transaction. Wojciech Polz, Karol Kulhawik, Zuzanna Potoczna, Marta Szczecinska, Niek De Pauw, Judit Stern, Camille Fantozzi, Megi Bllaca, Mark Jan Arends, Sabrina Spoor, Zoë Van Den Broek and Katia Gauzès of Clifford Chance Janicka Kruzewski Namiotkiewicz I Wspolnicy Spolka Komandytowa acted as a legal advisor to Cornerstone Investment Management.
Greenyard NV is a global market leader of fresh, frozen and prepared fruit & vegetables, flowers, and plants. Counting Europe's leading retailers amongst its customer base, the group provides efficient and sustainable solutions to customers and suppliers through best-in-class products, market leading innovation, operational excellence and outstanding service.
The vision is to make lives healthier by helping people enjoy fruit & vegetables at any moment, easy, fast and pleasurable, whilst fostering nature.
With around 8,500 employees, Greenyard NV operates in 19 countries worldwide.