On 26 April 2011, the Lactalis group announced the launch of a take-over bid for all Parmalat S.p.A outstanding shares. This offer values Parmalat at €4.7 billion. This transaction follows the announcement on 22 March 2011 of the acquisition by Lactalis of an initial 29% equity interest in Parmalat for a total of €1.3 billion.
On 8 July, Lactalis announced the offer’s success and purchased 54.3% of Parmalat, resulting in a total equity interest of 83.3%.

For this operation, SG CIB acted as arranger, lead investor, bookrunner, and agent for the financing of the €7.5 billion transaction, jointly with Crédit Agricole, HSBC, and Natixis.
SG CIB also acted as sole financial advisor for Lactalis.