Successful Deals with PwC: Sale of Nestlé’s instant mashed potato business, Mousline, to FnB Private Equity SAS

PwC’s Corporate Finance / M&A team is pleased to announce the sale of Nestlé’s mashed potato business (“Mousline”) to FnB Private Equity SAS (“FnB”). PwC supported Nestlé as lead financial advisor and provided financial, separation, commercial as well as tax carve-out support.

Created in 1963, Mousline is the leader in the French and some European mashed potato markets. Employing 150 people, the business produces its mashed potato variations in its factory in Rosieres-en-Santerre, based in the heart of the French potato-growing area Somme.

With the acquisition, FnB, who is dedicated to supporting French and European SMEs in the food industry, is adding an iconic brand to its existing portfolio of popular businesses in the industry. The acquisition is consistent with FnB's investment philosophy, which is to support the growth of small and medium-sized food companies while respecting their economic, social and environmental footprint.

The transaction closed on October 3, 2022.

The PwC team

Corporate Finance / M&A

Martin Frey (Partner)
Lasse Stünitz (Director)
Raffael Waldmeier (Senior Associate)

Separation Vendor Assistance

Fabien Fontaine (Partner)

Financial Vendor Assistance

Simon Bradford (Partner)
Sabine Durand-Hayes (Partner)
Alexandre Litewka (Senior Manager)
Eric Zhu (Senior Associate)

Commercial Vendor Assistance

Anne-Lise Glauser (Partner)
Wissam Iskandar (Senior Manager)

Tax carave-out Assistance

Hélène Rives (Partner)
Diane Laske (Director)