Firm partner described the deal as "a globally significant transaction in the agri-sector"
Allens has helped to advise Malteries Soufflet investors InVivo Group, KKR, Bpifrance, and Crédit Agricole Group on their acquisition of ASX lister United Malt Group for $1.5bn.
The acquisition was executed via scheme of arrangement and completed on 15 November after regulatory approvals were secured from Australia, the US, UK, Canada, France, Germany, Austria, and Ukraine. The deal was first signed in July.
Allens partner Andrew Pascoe described the acquisition as “a globally significant transaction in the agri-sector.”
According to InVivo Group's press release, the acquisition facilitates the establishment of a new global platform and supports Malteries Soufflet’s growth ambitions across key markets in Europe, North America, Latin America, Africa, and Asia. The new platform will enable Malteries Soufflet’s new entity to capitalise on the expanding international malt market and meet specific customer demands for malt quality, carbon footprint reduction, and ambitious sustainability commitments.
The Allens team provided advice on all aspects of the transaction, leveraging expertise from twelve practice areas:
