Baker & McKenzie has advised Bain Capital on the sale of the Brakes Group to Sysco Corporation, North America's leading foodservice distributor, for an enterprise value of USD3.1 billion.
Brakes Group, a leading supplier to the foodservice in the United Kingdom, France, Sweden, Spain, Belgium and Luxembourg, is owned by Bain Capital, one of the world's foremost private equity firms.
The deal was led by London-based Head of Private Equity David Allen, together with London-based Senior Associate Susie Davies. David Allen said: "We are delighted to have advised Bain Capital on this significant transaction, having previously advised Bain Capital and Brakes on the Fresh Direct and Davigel acquisitions. We believe that Sysco and Brakes are an excellent fit for one another and that the deal represents an exciting milestone in Brakes Group’s next stage of development."
The deal is expected to be completed in June 2016.
