CMS advised Resource Partners, a private equity fund, in relation to the sale of Delicpol, a manufacturer of cookies sold under private labels. The purchaser is Continental Bakeries, a manufacturer of sweets owned by Goldman Sachs Merchant Baking Division and Silverfern, a private equity fund. The closing of the transaction is contingent to obtaining a consent from the market regulators.

"The transaction may be one of the largest transactions carried out on the Polish foodstuffs market this year" - emphasises Marek Sawicki, partner managing the CMS M&A team. "The food sector has been undergoing consolidation and we may expect further ownership changes in the near future".

The CMS team involved in the sale of Delicpol was made up of Marek Sawicki, legal counsel and partner managing the Corporate/M&A Department and Izabela Gebal, legal counsel and senior associate.

The transaction was the third recent transaction on the foodstuffs market assisted by CMS lawyers.  The law firm advised the shareholders of Polska Dystrybucja Alkoholi in relation to the sale of 100% of shares in that company to Grupa Eurocash, and the sale of Janton S.A. Sp.k. to Polish Enterprise Fund VII, a private equity fund managed by Enterprise Investors. CMS also advised Mid Europa Partners in connection with the sale of Zabka Polska - the largest transaction in the grocery retail segment in Poland, which at the same time was the largest exit of a private equity fund from its investment in Poland.

Resource Partners has been a long-standing client of CMS. It is one of the most active private equity funds in CEE, specialising in consumer products and in the agricultural and food sector.