LPA-CGR avocats advised Symrise in its discussions with EQT portfolio company OterraTM towards receipt of a binding offer in respect of the sale of its natural food coloring activities to OterraTM
The German Group Symrise announced that they have received a binding offer from EQT portfolio company Ch. Hansen Natural Colors A/S, now known as OterraTM, to acquire Diana Food’s natural coloring activities. Symrise and OterraTM have therefore entered into exclusive negotiations. The works council consultations on the contemplated transaction are ongoing and the transaction would be subject to antitrust approvals.
Symrise welcomes this offer as the Group wishes to strengthen the focus of the Flavor & Nutrition segment on its core expertise in taste, nutrition and health in food, pet food and aqua feed application areas.
OterraTM is a leading supplier of natural colors. Headquartered in Denmark, OterraTM is an EQT portfolio company and committed to helping their customers accelerate the transition from artificial coloring ingredients to more sustainable and natural ingredients.
LPA-CGR’s Franco-German M&A team that advised Symrise was led by Partner Michael Samol and included counsel Thibault Willaume and associate Aude Cassaigne on M&A aspects; Partner Sandra Hundsdörfer and associate Marjorie Goislard on Employment aspects; Partner Silke Nadolni and associate Lanier Fleischmann-Caruso on Real Estate aspects; Partner Frédérique Chaillou and associate Anne-Sophie Bretecher on Environmental aspects and Partner Mathieu Selva-Roudon on Tax aspects.
On antitrust aspects, Symrise was advised by NIDDAM-DROUAS AVOCATS, with Partner Marie de Drouas.
OterraTM was advised by Accura Denmark with notably Partners Tue Ravnholt Frandsen, Torben Norskov and associate Emilie Bruun (all M&A) and Laurits S. Christensen on antitrust aspects and by Weil Gotshal Paris with notably Partner Jean Beauchataud and associate Adina Mihaescu. MAJJ Avocats with Julien Boucaud-Maitre assisted on Employment aspects.
To read Symrise’s press release, please click here.