FnB Private Equity has entered exclusive negotiations to acquire Nestlé's baby food division, focusing on brands sold in France and exporting markets, alongside its Arches production facility, with plans for finalization by mid-2024.

Target Information

FnB Private Equity has officially entered into exclusive negotiations with Nestlé for the potential acquisition of its 'baby food' division, excluding infant milk. This transaction will involve brands marketed in France and internationally, as well as the production facility located in Arches. The deal is expected to be finalized in the first half of 2024, pending legal consultation processes with social partners, approval from regulatory authorities, and contract negotiations. The financial terms of the transaction remain confidential.

This would mark FnB's second transaction with Nestlé, following the acquisition of Mousline in October 2022, and the second operation from its FnB Europe Fund SLP II, after the acquisition of Cafés Legal in June 2023. FnB is a dedicated partner specializing in supporting small and medium-sized enterprises (SMEs) in the agro-food sector, backed by a team of entrepreneurs with substantial experience in the industry.

Industry Overview

The baby food market in France has demonstrated steady growth, attributed to increasing awareness among parents regarding the nutritional content and quality of baby food products. With changing lifestyles, parents are seeking conve