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We have advised Scandinavian Tobacco Group on the acquisition of all the shares of Mac Baren Tobacco Company A/S from Halberg A/S. Mac Baren is a family-owned business founded in 1826 and is a leading global smoking tobacco company, which includes a strong portfolio of pipe tobacco brands as well as fine-cut tobacco brands. On a debt and cash free basis (the enterprise value), the transaction is valued at DKK 535 million. The acquisition will be financed by cash at hand and debt and closing of the transaction is expected shortly.   Mac Baren’s products are sold in 74 countries with the majority of net sales generated in the US, Denmark and Germany. Other key markets include the UK, France, Spain and Italy. The company is based in Svendborg, Denmark with production facilities in Denmark and in Richmond, Virginia in the US.   Kromann Reumert's core team consisted of Jeanne Bønsdorff, Anna Bast Schmidt, Iman Derras and Christian Lundgren.   Kromann Reumert acted as lead counsel working closely with Noerr (Germany), Smith Gambrell Russell (USA) and Advokatbyrån Gulliksson AB (Sweden). #transaction #mergersandacquisitions #ExceedExpectations

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