Project ABBA

Project ABBA was the acquisition of Swedish frozen desserts manufacturer Almondy AB by Givesco of Denmark. Oghma Partners knew the Givesco team well and understood what their broad acquisition criteria was. On hearing of the sale of Almondy we contacted Givesco who quickly confirmed their interest in the opportunity. Securing entry for Givesco in the Process we reviewed the documentation and visited the plant and took part in the management presentation with our client. We advised on the submission of offers, built the acquisition model and P&L and cashflow model and assisted in preparing the bank financing presentation. After securing exclusivity for our client we took part in the negotiations with the sellers and worked closely with the legal teams to secure a successful conclusion of the transaction. We took the lead role in co-ordinating all the various elements of the Process whilst managing the expectation of the sellers as to the timing and speed of our client’s responses in the Process. The overall result was the completion of the transaction in a timely manner and keeping the transaction on track despite a sometimes difficult negotiation process.