Global law firm Clifford Chance has advised the financiers of Intersnack Group GmbH & Co. KG’s (“Intersnack Group” or “Intersnack”), a leading, multinational savory snack manufacturer, on the acquisition of all outstanding shares of Class A Common Stock of Utz Brands, Inc. (“Utz”) for $14.25 per share in cash. Upon closing the transaction, Utz will become a private company with the Rice and Lissette Family Entities and Intersnack Group each owning 50% of Utz.
The financing forms part of approximately $920 million cash provided as consideration for the transaction by Intersnack Group.
The Clifford Chance team was led by partner Simon Reitz (Frankfurt) and further comprised senior associate Christian Cranmore and associates Asia Racines Carugo (admission to the New York Bar pending) and Justus Jaspert (all Munich, all Debt Finance).
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