Cargill, Incorporated and Consortium’s Take-Private Transaction Of Sanderson Farms

Freshfields represented both the buyer consortium and Cargill, Incorporated on the deal. Paul, Weiss advised Continental Grain.

The transaction involved the take-private of Nasdaq-listed Sanderson Farms and the concurrent combination of Sanderson Farms with privately-held Wayne Farms. The all-cash purchase price being paid by the buyer consortium, led by Cargill and Continental Grain, for Sanderson Farms reflects a transaction value of $4.53 billion. In addition to the acquisition of publicly listed Sanderson Farms, the multi-faceted transaction includes the formation of a new joint venture between Cargill and Continental Grain and the acquisition of privately held Wayne Farms.

The Freshfields team was led by corporate M&A partners Ethan Klingsberg (Picture) and Paul Humphreys and associates Vinita Sithapathy, Lucy Lei, Anthony Paladino, Victor Ma and Sally Wu; executive compensation and employee benefits partner Lori Goodman and associate Jordan Salzman; leveraged finance partner Kyle Lakin and associates Aino Makisalo and Mark Tan; antitrust partners Mary Lehner and Justin Stewart-Teitelbaum and associate Elizabeth Giordano; data privacy and IP partner Menachem Kaplan and associate Marissa Yu; and compliance partner Olivia Radin, counsel Stephanie Brown Cripps and associate Elvira Sihvola.

The Cargill in-house team is led by Doug Ujdur, M&A Practice Leader-Legal, Leslie Jacomino, M&A-Legal and Suzanne Mayer, High Level Paralegal (Global M&A).

The Paul, Weiss team included corporate partners Steven Williams, Thomas de la Bastide and Raphael Russo, and counsel Stephen Koo, Oliver Board, Philip Heimowitz and David Curtiss; tax partners Scott Sontag and Patrick Karsnitz; executive compensation partner Andrew Gaines and counsel Ron Aizen; litigation partners Aidan Synnott, Richard Rosen and Geoffrey Chepiga, and counsel Peter Jaffe, Steven Herzog and Rachel Fiorill; intellectual property partner Charles Googe; real estate partner Peter Fisch; personal representation partner Alan Halperin and counsel Emma Sobol; environmental counsel William O’Brien; antitrust counsel Yuni Sobel and Marta Kelly.

Involved fees earner: Elizabeth Giordano – Cooley LLP; Stephanie Brown Cripps – Freshfields Bruckhaus Deringer LLP; Lori Goodman – Freshfields Bruckhaus Deringer LLP; Paul Humphreys – Freshfields Bruckhaus Deringer LLP; Menachem Kaplan – Freshfields Bruckhaus Deringer LLP; Ethan Klingsberg – Freshfields Bruckhaus Deringer LLP; Kyle Lakin – Freshfields Bruckhaus Deringer LLP; Mary Lehner – Freshfields Bruckhaus Deringer LLP; Lucy Lei – Freshfields Bruckhaus Deringer LLP; Victor Ma – Freshfields Bruckhaus Deringer LLP; Aino Makisalo – Freshfields Bruckhaus Deringer LLP; Anthony Paladino – Freshfields Bruckhaus Deringer LLP; Olivia Radin – Freshfields Bruckhaus Deringer LLP; Jordan Salzman – Freshfields Bruckhaus Deringer LLP; Elvira Sihvola – Freshfields Bruckhaus Deringer LLP; Vinita Sithapathy – Freshfields Bruckhaus Deringer LLP; Justin Stewart-Teitelbaum – Freshfields Bruckhaus Deringer LLP; Mark Tan – Freshfields Bruckhaus Deringer LLP; Marissa Yu – Freshfields Bruckhaus Deringer LLP; Ron Aizen – Paul Weiss Rifkind Wharton & Garrison; Oliver Board – Paul Weiss Rifkind Wharton & Garrison; David Curtiss – Paul Weiss Rifkind Wharton & Garrison; Thomas de la Bastide – Paul Weiss Rifkind Wharton & Garrison; Rachel Fiorill – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Philip Heimowitz – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Peter Jaffe – Paul Weiss Rifkind Wharton & Garrison; Patrick Karsnitz – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Stephen Koo – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Richard Rosen – Paul Weiss Rifkind Wharton & Garrison; Raphael Russo – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Aidan Synnott – Paul Weiss Rifkind Wharton & Garrison; Steven Williams – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Cooley LLP; Freshfields Bruckhaus Deringer LLP; Paul Weiss Rifkind Wharton & Garrison;

Clients: Cargill; Continental Grain Company Corp.;

Martina Bellini

Author: Martina Bellini