Global law firm Clifford Chance has advised global alternative asset manager TPG, along with other shareholders, on the sale of health-focused food and beverage company MADE Group to French-headquartered international food and beverage company Danone.
The transaction is subject to customary closing conditions, including regulatory approvals.
MADE Group specialises in health and wellbeing products, including well-established brands such as Cocobella coconut water and Rokeby protein shakes. MADE Group’s established market position in Australia, New Zealand and Southeast Asia offers Danone a scaled platform in the fast-growing health and wellness beverages category and enhances its growth prospects across the Asia-Pacific region.
Jacob Kahwaji, Partner, said: “Having advised TPG on its original investment in MADE Group in 2021, it is a privilege to support on this full-circle transaction. We congratulate TPG and other shareholders on this significant milestone for Made Group, which has grown into a high-quality health and wellness platform that is well positioned to accelerate its next phase of growth under Danone’s ownership.”
Jacob Kahwaji led the multidisciplinary deal team, supported by counsel Sarah Jenkins, senior associates Jack Corcoran and Benedict Waterfall and associates Siena Casgrain and Kate Procter. Partner Elizabeth Richmond and senior associate Sam Frouhar advised on the antitrust aspects, counsel Adrianna Witkowski advised on the real estate aspects and partner Clancy King and associate Jordan Jeffcoat advised on the employment aspects of the transaction.
In addition to MADE, Clifford Chance has also recently advised TPG on mandates including TPG-backed Infomedia’s acquisition of Veact and TPG’s 70% equity investment into Kinetic through the TPG Rise Climate platform.
