SJ Berwin Guides AXA's Purchase Of Frozen Food Co.

Law360, New York (August 1, 2012, 8:42 PM EDT) -- An AXA SA unit has acquired a majority stake in German frozen food producer frostkrone Holding GmbH from private equity firm Argantis Beteiligungs GmbH in an effort to take advantage of the growing market for quick meals, it announced Wednesday.

While AXA Private Equity will take over all of Argantis' shares in the company, an undisclosed number of minority stakes will remain with frostkrone's current management team, which will also remain in place after the sale, Paris-based AXA said.

Financial terms of the deal were not...
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