Clearwater International France advises Montagu on the disposal of St Hubert

Clearwater International France has advised private equity firm Montagu on the disposal of French margarine and soya desserts specialist St Hubert.

St Hubert was founded in 1904 and is the leading player in the French and Italian plant-based spread markets with revenues of €130m. Its also the leader in preventative health spreads, naturally rich in Omega 3 thanks to the use of vegetable oils. St Hubert was also the first brand to launch a premium range of palm-oil free spreads.

Montagu entered into exclusive talks to sell St Hubert to a consortium formed by the Chinese groups Fosun and Beijing Sanyuan Foods, the fourth largest Chinese dairy group. The transaction concluded positively in January 2018 after authorisation from Chinese authorities.

The French team of Clearwater International, alongside the Montagu fund, initiated this merger. This operation will enable St Hubert to find new prospects and develop new expertise.

The Clearwater International team, led by Managing Partner Philippe Guézenec, and supported by Associate Director Marie-Clémence Harang and Analyst Pierre-Henri Avalle, advised private equity firm Montagu on this transaction.

“Very early on in the process, Clearwater was able to identify the opportunity of bringing on Fosun and Sanyuan Foods in the disposal of St Hubert. Indeed, the potential of the Chinese market, combined with the know-how of the French group St Hubert creates new perspectives for growth and development. We are proud to have initiated this merger for the benefit of the vendor.”

Philippe Guézenec, Managing Partner, Clearwater International France