Loyens & Loeff Luxembourg advised Berkshire Partners in its divestment of Farm Boy
We advised the leading American private equity firm, Berkshire Partners, on Luxembourg tax and corporate law aspects of its divestment of Farm Boy, a Canadian grocery store, which Berkshire Partners acquired in 2012. Farm Boy was sold to the Canadian food retailer Empire Co Ltd for a total enterprise value of CAD 800 million, and will be set up as a separate company within Empire’s structure.
Farm Boy focuses on a robust private label and fresh food assortment, with an emphasis on local fresh produce, meat and a wide-range of restaurant quality ready-to-eat food prepared in-store.
Our tax and corporate teams, led by Jochem van der Wal and Siobhán McCarthy, combined their expertise in advising Berkshire on this transaction.