Cleary Guides CVC In Final Stages of Campbell Soup Deal

Law360, New York (August 12, 2013, 4:23 PM EDT) -- London private equity firm CVC Capital Partners is in the final stretch of a deal to purchase the European business of Campbell Soup Co., which will include popular local brands and several manufacturing plants, the companies announced Monday.

Financial details of the deal were not disclosed, but Campbell revealed that a firm offer has placed CVC in "final and exclusive negotiations," according to a statement. The business at stake raked in net sales of about $530 million last year, the company added.

The private equity firm has...
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