Ashurst advises on Carlsberg's £3.3bn takeover of Britvic plc

    Global law firm Ashurst is advising Nomura International plc on the £3.3 billion takeover of Britvic plc (Britvic) by Carlsberg UK Holdings Limited (Bidco), a wholly owned subsidiary of Carlsberg A/S (Carlsberg). Nomura International plc is acting as financial adviser to Bidco.

    Carlsberg is among the world's largest international brewing groups, with strong market positions in Western Europe, Central and Eastern Europe and Asia, while Britvic is an international soft drinks business rich in history and heritage, founded in Great Britain in the 1930s.

    Carlsberg intends to create a single integrated beverage company in the United Kingdom, to be named Carlsberg Britvic. The enlarged business will have a portfolio of leading brands across the beer and soft drinks categories.

    The team was led by partners Tim Rennie and Tom Mercer, supported by associates Sandile Sibiya and Patrick Chambers.