Case
Review of Campbell Soup Company Acquisition of Sovos Brands, Inc.
An Analysis Group team led by Managing Principals Emily Cotton and Rebecca Kirk Fair and Vice President Philipp Tillmann was retained on behalf of Campbell Soup Company in connection with its proposed $2.7 billion acquisition of Sovos Brands, owner of several premium grocery brands. An Analysis Group team evaluated the competitive effects of the merger on the US grocery industry and also supported Campbell Soup through a review by the US Federal Trade Commission (FTC). The parties obtained unconditional clearance for the merger from the FTC.
Meet Our People
Philipp Tillmann
Vice PresidentDr. Tillmann is an economist who specializes in the application of microeconomics, econometrics, and statistical methods to litigation matters, investigations, and strategy assignments. He has served as an expert witness and has supported expert witnesses, managed case teams, and conducted analyses in merger, cartel, abuse of dominance, and other matters across a broad range of industries and jurisdictions, including in the EU, the US, Canada, the UK, and Australia.
He regularly assists clients across all phases of merger cases, from pre-announcement through investigation, litigation, and compliance monitoring. His clients include merging parties, the US Department of Justice (DOJ), the Federal Trade Commission (FTC), and state attorneys general.
Dr. Tillmann holds a Ph.D. in economics from the University of Chicago, and his research has appeared in outlets such as the Journal of Competition Law & Economics and the American Journal of Political Science. He has taught economics to undergraduate and graduate students at The University of Chicago, the University of Rochester, and the University of Cologne.