Baker & McKenzie Advises Cargill on EUR1.5 Billion Provimi Offer

A multi-office Baker & McKenzie team has advised Cargill on its binding offer to acquire Provimi, the global animal nutrition company, for an enterprise value of EUR1.5 billion from Permira funds, the private equity firm which owns Provimi. Provimi has agreed, on an exclusive basis, to commence the necessary Works Council consultations and appropriate regulatory approvals.

Baker & McKenzie Corporate Partner Tim Gee who led on the deal said, "We're delighted to have been able to work with Cargill on this major strategic transaction. On completion, the acquisition would cement Cargill's existing position to create a global leader in animal nutrition. The span of the existing Provimi business across five continents meant seamless input was required from over 20 jurisdictions which played to our strengths as a truly global firm."

Cargill plans to acquire Provimi’s worldwide animal nutrition business, which has operations in 26 countries and employs more than 7,000 people across Asia, Europe, Africa and Latin America. The acquisition would strengthen and expand Cargill’s existing operations creating a global leader in animal nutrition.

The Baker & McKenzie team which worked closely with members of the Cargill law team across the relevant jurisdictions was led by London Corporate Partner Tim Gee and included Competition Partner Luis Gomez, Tax Partner Alex Chadwick and Senior Associate Nick O'Donnell. Lawyers from 23 Baker & McKenzie offices provided support.