Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBO A) acquired an unknown minority stake in St Pierre Groupe from BGF Investment Management Ltd.
October 27, 2022
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Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBO A) acquired an unknown minority stake in St Pierre Groupe from BGF Investment Management Ltd. on October 28, 2022. The shareholders were advised by investment bank Harris Williams. Pinsent Masons provided sell-side legal advice, and vendor financial due diligence was provided by KPMG. Commercial vendor diligence was provided by PWC and McKinsey. Will Bain, Ryan Freeman and Andreas Poth of Harris Williams & Co. Ltd. acted as financial advisor to St Pierre Groupe.
Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBO A) completed the acquisition of an unknown minority stake in St Pierre Groupe from BGF Investment Management Ltd. on October 28, 2022.
Grupo Bimbo SAB de CV is a Mexico-based company engaged in the food processing sector. The Company focuses on the manufacture, distribution and sale of bread, breakfast bread muffins and bagels, frozen bread, cakes and smaller cakes, sweet and non-sweet cookies, tortillas, pita bread, pizza bread, tostadas and tortillas, snacks, salads and candies, among others. Its segments comprise Mexico; North America, including the United States and Canada; Organization Latinamerica (OLA), including Central and South America, and Europe. The Company operates in over 20 countries and has approximately 100 brands. The Company offers over 10,000 products under various brand names, such as Bimbo, Barcel, Sara Lee, Oroweat, Marinela, Arnold, Entenmann's, Ricolino, Dempster' and Thomas'. It operates through Groupe Adghal.
GRUPO BIMBO, S.A.B. DE C.V. 
