Law firm Eversheds has advised the shareholders of Aimia Foods (Holdings) Limited (“Aimia”) on the sale of the entire share capital of Aimia to Cott Ventures Limited, a subsidiary of Cott Corporation .
The purchase price includes the payment of approximately USD$79 million at closing, $33 million in deferred payments in September 2014, and on target earnout consideration of USD $21 million, with a minimum earnout consideration of USD $14 million and a maximum earnout consideration of USD$28 million.
The Eversheds team was led by partner Amanda Partland, assisted by Principal Associates Simon Procter and Sarah Turner and Associate Andy Lord.
Amanda commented:
“Eversheds has a market leading consumer sector and it is a pleasure to have advised the shareholders of Aimia on this strategic deal.”
Rob Unsworth, Managing Director of Aimia Foods said:
“We firmly believe that bringing Aimia Foods into the Cott family will provide additional opportunities for the benefit of our employees and customers alike. Our leadership team is excited to work with Cott to keep building on the strong foundation already established. Eversheds were intrinsic in ensuring the deal was completed in a timely and successful manner.”
