CITIC Agri Fund Management’s $1.1 BIllion Acquisition of Dow AgroSciences

Clifford Chance, Dias Carneiro, Pinheiro Neto and Cleary Gottlieb Steen & Hamilton advised on the deal

CITIC Agri Fund Management Co., Ltd. finalized its acquisition of a select portion of Dow AgroSciences’ (a subsidiary of The Dow Chemical Company) corn seed business in Brazil for approximately US$1.1 billion. CITIC Agri Fund is indirectly controlled by CITIC Limited. The assets include seed processing plants and seed research centres, a copy of Dow AgroSciences’ Brazilian corn germplasm bank, the Morgan seed brand and a license for the use of the Dow Sementes brand for a certain period of time.

Clifford Chance advised CITIC Agri Fund Management Co., Ltd. with Terence Foo (Picture), Hong Zhang, Bernard Cheng, Stacey Shen, and Lan Jiangzhou. In the Americas, Corporate Practice Area Leader David Brinton led a team that included associates Matthew Warner and Spencer Orton in New York, and counsel Patrick Jackson in Sao Paulo. Also advising on the deal were New York counsel Daryl Fairbairn on IP issues and, from Beijing, partner Richard Blewett and senior associate Angus Xie on antitrust issues.

In Brazil, Dias Carneiro advised CITIC Agri Investment Co., Limited with Thiago Vallandro Flores, Eduardo Turkienicz, Artur Fernandes Andrezo, Joyce Alves, Rodrigo Maito da Silveira, Gustavo Junqueira de Godoy Pereira, Vanessa Pareja Lerner, Érika de Siqueira Seddon, Ana Luiza Amaro Maillet Cabral Rocha and Mateus Telles Valle.

Pinheiro Neto advised Dow AgroSciences Sementes & Biotecnologia Brasil Ltda. with Miguel Tornovsky, Renê Guilherme S. Medrado, Priscila Gurgel Menezes, Rodolfo Figliolini Schreuders, Tiago Eler Silva, Otavio B. P. de Carvalho, Alessandro Pezzolo Giacaglia and Daniel Rebello.

Cleary Gottlieb Steen & Hamilton advised Dow with Juan Giráldez, Len Jacoby, Jason Factor, Christina Chinloy, Daniela Ríos, José Rivera, Daniel Forrester, Brendan Cohen, Diana Yu, David Stuckey and Jim Corsiglia.

 

Involved fees earner: Thiago Vallandro Flores – Dias Carneiro, Flores, Sanches, Turkienicz, Amendola, Waisberg e Thomaz Bastos; Eduardo Turkienicz – Dias Carneiro, Flores, Sanches, Turkienicz, Amendola, Waisberg e Thomaz Bastos; Artur Fernandes Andrezo – Dias Carneiro, Flores, Sanches, Turkienicz, Amendola, Waisberg e Thomaz Bastos; Ana Luiza Amaro Maillet Cabral Rocha – Dias Carneiro, Flores, Sanches, Turkienicz, Amendola, Waisberg e Thomaz Bastos; Mateus Valle – Dias Carneiro, Flores, Sanches, Turkienicz, Amendola, Waisberg e Thomaz Bastos; Joyce Alves – Dias Carneiro, Flores, Sanches, Turkienicz, Amendola, Waisberg e Thomaz Bastos; Gustavo Junqueira – Dias Carneiro, Flores, Sanches, Turkienicz, Amendola, Waisberg e Thomaz Bastos; Érika de Siqueira Seddon – Dias Carneiro, Flores, Sanches, Turkienicz, Amendola, Waisberg e Thomaz Bastos; Vanessa Pareja Lerner – Dias Carneiro, Flores, Sanches, Turkienicz, Amendola, Waisberg e Thomaz Bastos; Miguel Tornovsky – Pinheiro Neto; Priscila Gurgel Menezes – Pinheiro Neto; Rodolfo Figliolini Schreuder – Pinheiro Neto; Tiago Eler Silva – Pinheiro Neto; Otavio B. Pereira de Carvalho – Pinheiro Neto; Renê Medrado – Pinheiro Neto; Alessandro Pezzolo Giacaglia – Pinheiro Neto; Daniel Costa Rebello – Pinheiro Neto; Juan Giráldez – Cleary Gottlieb Steen & Hamilton; Christina Chinloy – Cleary Gottlieb Steen & Hamilton; Daniela Rios – Cleary Gottlieb Steen & Hamilton; Jose de Jesus Rivera – Cleary Gottlieb Steen & Hamilton; Leonard Jacoby – Cleary Gottlieb Steen & Hamilton; Daniel Forester – Cleary Gottlieb Steen & Hamilton; Brendan Cohen – Cleary Gottlieb Steen & Hamilton; Diana Yu – Cleary Gottlieb Steen & Hamilton; Jason Factor – Cleary Gottlieb Steen & Hamilton; David Stuckey – Cleary Gottlieb Steen & Hamilton; James Corsiglia – Cleary Gottlieb Steen & Hamilton; Terence Foo – Clifford Chance; Hong Zhang – Clifford Chance; Bernard Cheng – Clifford Chance; Stacey Shen – Clifford Chance; Lan Jiangzhou – Clifford Chance; David Brinton – Clifford Chance; Matthew Warner – Clifford Chance; Spencer Orton – Clifford Chance; Patrick Jackson – Clifford Chance; Daryl Fairbairn – Clifford Chance; Richard Blewett – Clifford Chance; Angus Xie – Clifford Chance;

Law Firms: Dias Carneiro, Flores, Sanches, Turkienicz, Amendola, Waisberg e Thomaz Bastos; Pinheiro Neto; Cleary Gottlieb Steen & Hamilton; Clifford Chance;

Clients: CITIC Agri Fund Management Co., Ltd.; Dow AgroSciences Sementes & Biotecnologia Brasil Ltda.;