M&A Year in Review 2023 brochure - Flipbook - Page 17
| M&A Year in Review | 2023
We advised Well Pharmacy, now Bestway Healthcare (a
subsidiary of Bestway Group), on its acquisition of Lexon,
a leading family-owned pharmaceutical wholesaler
and generic medicines manufacturer. Lexon operates
nationally, serving independent community pharmacies
across the UK as well as operating over 40 community
pharmacies of its own.
The transaction strengthens Bestway Healthcare’s growth
momentum to bring enhanced bene昀椀ts to its customers
and patients across the UK.
Lawyers in our London o昀케ce led the transaction, with
support from our commercial, employment, 昀椀nance,
insurance, intellectual property, pensions, privacy and
cybersecurity, tax, real estate, and regulatory practices.
We advised Tyson Foods, one of the world’s largest food
companies, on its strategic partnership with Protix,
a Netherlands-based leader in global insect ingredients.
The strategic partnership, which represents Tyson
Foods’ commitment to continuous innovation, business
growth, and working towards sustainable solutions,
is expected to accelerate Protix’s international expansion.
Lawyers in our Amsterdam o昀케ce led the transaction,
with support from our Baltimore o昀케ce and our
tax practice.
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We advised Sovos Brands, Inc., a maker of premium
branded food, on its sale to Campbell Soup Company,
representing a total enterprise value of approximately
US$2.7 billion.
The transaction adds a high-growth, market-leading
premium portfolio of brands to diversify and enhance
Campbell’s Meals & Beverages division.
Lawyers in our Silicon Valley o昀케ce led the transaction,
with support from our Denver, Los Angeles,
New York, Philadelphia, San Francisco, and
Washington, D.C. o昀케ces and our antitrust, banking,
capital markets, employee bene昀椀ts, employment,
privacy and cybersecurity, regulatory, securities,
and tax practices.
We advised Walmart Inc., a tech-powered omnichannel
multinational retailer, on its strategic partnership with
SES-imagotag, a French technology company and global
leader in digital solutions for physical retail.
The strategic partnership allows Walmart to deploy the
latest generation of SES-imagotag’s VUSION platform to
further digitize its shelves in hundreds of stores across
the United States and enhance the customer experience.
Lawyers in our Paris o昀케ce led the transaction, with
support from our private equity and tax practices.
