Düsseldorf—Global law firm Dentons has advised food-focused investment company BiaVest on the acquisition of an 80% stake in German food manufacturer Riesa Nudeln.
Riesa Nudeln is a well known pasta producer, which also owns a pasta museum, a restaurant and a store (Riesa Nudelcenter), which attracts over 200,000 visitors annually. The Riesa brand has a strong retail presence among major German retailers, including ALDI, Lidl, Edeka, Rewe, Kaufland, Penny and Netto. The company generates annual sales of more than €40 million, employs 150 people, and operates a production facility in the German city of Riesa in Saxony.
The Irish-based investment company BiaVest was founded in 2021 by Hilliard Lombard and David McKernan, two experienced specialists in the food industry. The acquisition of Riesa Nudeln is BiaVest’s first acquisition in continental Europe and its fourth investment in two years.
A Dentons team from Germany and Ireland advised BiaVest on all legal aspects of the transaction.
