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UPDATE 1-DEALTALK-Rothschild star, Buffett banker circle Cadbury

Sat Nov 21, 2009 1:30am IST
 
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* Rothschild's Sachak bags Ferrero role

* Hershey bankers include Buffett's chosen Trott

* Hershey and Ferrero considering joint Cadbury bid (Adds detail in paragraph 15) (For more Reuters DEALTALKS, click [DEALTALK/])

By Victoria Howley and Jessica Hall

LONDON/PHILADELPHIA, Nov 20 (Reuters) - Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all.

Goldman Sachs (GS.N: Quote, Profile, Research), Morgan Stanley (MS.N: Quote, Profile, Research) and UBS (UBSN.VX: Quote, Profile, Research) secured the coveted roles defending Cadbury (CBRY.L: Quote, Profile, Research) against Kraft's (KFT.N: Quote, Profile, Research) $16.7 billion hostile offer, but the Rothschild rainmaker is now advising Italy's Ferrero as it looks at the British chocolatier and could spark a bidding war.

He'll be in good company if U.S. chocolate maker Hershey Co (HSY.N: Quote, Profile, Research), which is also considering a bid for Cadbury and has held talks with Ferrero about a joint offer, steps into the frame.

Hershey's advisers include Warren Buffett's chosen banker Byron Trott and, for some proxy celebrity pizzazz, Jamie Grant, the older brother of actor Hugh Grant.

"This is the situation everyone wants to be involved in. It is the biggest bid in London and the consumer sector. It is what everyone is talking about," said a head of UK investment banking at a top London firm.   Continued...

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
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