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31 May 2017

Advised CJ CheilJedang on Its Acquisition of a Russian Food Manufacturer

Yulchon successfully advised CJ CheilJedang on its acquisition of Ravioli LLC, a frozen food manufacturer in Saint Petersburg, Russia.

 

By acquiring Ravioli LLC, one of the top three frozen food brands in the region, CJ CheilJedang has secured a strong footing for entry into Russia‘s growing frozen food market.

 

This deal is especially meaningful as it is CJ Group’s first business project in Russia and the first successful step towards entering the Russian market.

 

Utilizing its years of in-depth experience in advising clients in cross-border M&A and Russia relevant transactions, Yulchon delivered comprehensive advisory services including review of the deal structure, due diligence on the target company, drafting and negotiation of the definitive agreement, and advising on post-closing activities.

 

Doil Son, Chris H. Kang, Sun Hee Kim, Seung Ah Seo, Young Hoon Mok, Hwa Joon Lee, and Aleksandra Tovstik advised on the transaction.  

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