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Eversheds Sutherland advised Welbilt, Inc.

  • Sweden

    26-04-2018

    Eversheds Sutherland has advised Welbilt (NYSE:WBT), a Tampa Bay, Florida-based provider of commercial foodservice equipment, has agreed to buy Crem, a professional coffee machine maker.

    Welbilt, Inc., a leading global provider of commercial foodservice equipment, has entered into a definitive agreement to acquire 100 percent of the shares of Crem International, which is majority owned by private equity firms Priveq Investment Fund IV L.P. and SEB Venture Capital, for total consideration of SEK 1,800m, or USD 224m.

    Crem International is a global leading manufacturer of professional coffee machines with sales in more than 80 countries. Crem has manufacturing sites in Sweden, Spain and China.

    Eversheds Sutherland assisted Welbilt, Inc in connection with the transaction and involved Eversheds Sutherland lawyers in offices in Sweden (lead), UK, Netherlands, Germany, China and Spain.

    The Eversheds Sutherland lead team in Sweden included Jonas Bratt, Gabriel Albemark and Jan Österman.

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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