Strauss Group Ltd. (TASE:STRS) acquired remaining stake of 25.1% in Strauss-Elite International B.V. from Robusta Coöperatief U.A for approximately €260 million on March 28, 2017. Under the terms of agreement, Strauss Group paid €172 million at the signing and share transfer and the remainder of €85 million will be paid by August 15, 2017. In addition, Strauss Coffee will redeem stock options granted to Strauss Coffee managers totaling €17 million and will either redeem or convert to Strauss Group Options an additional €2 million. An initial payment of €172 million was paid with a short-term loan obtained. The transaction will be funded through a €20.1 million (NIS 78 million) line of credit. €85 million to complete the deal will be raised through issuance of shares. The transaction is expected to be accretive. Centerview Partners LLC acted as financial advisor to Strauss Group in the transaction. Deutsche Bank acted as financial advisor to Strauss Group. Rothschild & Co acted as financial advisor to TPG Europe. Paul Cronheim, Christopher Parker, Tijmen Klein Bronsvoort, Thijs Elseman, Joost Steenhuis, Okke Suurenbroek, Michel Thirij, Martijn Snoep and Gurgen Hakopian of De Brauw Blackstone Westbroek N.V. acted as legal advisor to Strauss Group Ltd. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to Robusta Coöperatief U.A, held by TPG capital. Strauss Group Ltd. (TASE:STRS) completed the acquisition of remaining stake of 25.1% in Strauss-Elite International B.V. from Robusta Coöperatief U.A on March 28, 2017.