Egorov Puginsky Afanasiev & Partners in Ukraine has obtained regulatory approval for H2 Equity Partners' acquisition of a major European producer of fresh frozen vegetables, fruits and potato products.
H2 Equity Partners -- a leading Western European investment firm -- obtained merger clearance from the Antimonopoly Committee of Ukraine for its acquisition of Oerlemans Foods from global food company Vion. The takeover price was not made public. H2 Equity Partners stated that it is looking forward to further reinforcing Oerlemans' position on the basis of its Dutch and Polish operations.
H2 Equity Partners, founded in 1991, is a leading Western European hands-on investment firm, with head offices in Amsterdam and London. The company has approximately EUR 500 million under management and invests in medium-sized companies in Benelux, Germany, and the UK.
Oerlemans Foods is a specialized manufacturer and supplier of frozen fresh vegetables, fruit, and potato products. The company has a turnover of approximately EUR 135 million and employs 740 staff. With a range of over 1,000 products and the brands Oerlemans, Keizer, Bio+ and Bauer, Oerlemans Foods focuses on the international foodservice, retail and industrial markets. The head office is located in Venlo, in the Netherlands, and the company has production plants in both the Netherlands and Poland.
VION is a Dutch food company which operates internationally. In 2013 Vion realized a turnover of EUR 7 billion. Vion is not listed and has one single agricultural shareholder: the Dutch Southern Agriculture and Horticulture Organization, which has approximately 16,500 members.
EPAP's Competition team was led by Partner Oksana Ilchenko and included Counsel Oleg Boichuk, Associate Oksana Franko, and Junior Associates Nadiya Dmytrenko and Rostyslav Zelenyuk.