Waterland successfully completes its exit out of the Diversi-Foods group

Private equity firm Waterland has sold Diversi-Foods to the German Dr. Oetker – group. The Diversi-Foods group supplies frozen baked goods to retailers and foodservice operators and has production sites in Belgium, the Netherlands, the UK and Poland. The transaction was subject to competition clearance and was completed in the course of February 2018. Argo acted as counsel to Waterland and the minority shareholders of Diversi-Foods.