Ropes & Gray Represents Management in Sale of Quorn to Monde Nissin
Ropes & Gray advised the management of Quorn Foods in connection with the sale of Quorn by Exponent Private Equity and others to Monde Nissin Corporation, one of the leading food consumer goods companies in the Philippines, for £550 million.
Quorn is a meat alternatives business with a market leading position in 15 countries and approximately 620 employees in three U.K. sites, in Germany, and in the United States. The sale was announced on 1 Oct. and is expected to be completed by 30 Oct.
The London-based Ropes & Gray team was led by private equity partner Philip Sanderson and included private equity associate Elizabeth Todd.