Heineken N.V.’s €664 Million Acquisition of Brazil Kirin Holding S.A.


Davis Polk & Wardwell, Mundie, Alen & Overy and TozziniFreire have advised on the deal

Heineken N.V. has acquired Brasil Kirin Holding S.A. from Kirin Holdings Company, Limited, its Japanese parent.

The total consideration to be paid to Kirin is €664 million, corresponding to an estimated enterprise value of €1.025 billion. The transaction is subject to customary regulatory approvals and is expected to be completed in the first half of 2017.

Heineken is a leading developer and marketer of premium beer and cider brands. Led by the Heineken brand, the group has a powerful portfolio of more than 250 international, regional, local and specialty beers and ciders. Brasil Kirin is a large beer producer in Brazil, operating 12 production facilities with its own distribution network. Brasil Kirin also has a soft drinks business comprised of carbonated drinks, bottled water and other beverages. The portfolio includes Schin, one of Brazil’s largest brands covering the mainstream and value segments, as well as the Devassa brand. The transaction will make Heineken the second largest beer company in Brazil.

Davis Polk has advised Heineken with a team including Louis L. Goldberg (Picture), Phillip R. Mills, Ajay B. Lele, Katharine Jan, Partner Will Pearce Joseph Scrace (M&A). Avishai Shachar, Patrick E. Sigmon (Tax), Pritesh P. Shah (IP&IT), Kyoko Takahashi Lin (Ex.compensation).

In Brazil, Mundie has advised Heineken with Kevin Louis Mundie, Rodolpho de O. F. Protasio, Ana Cristina de Moraes, Antenori Trevisan Neto, Guilherme Ribas and Diego Orenstein.

Alen & Overy LLP has advised Kirin Holdings Company with Nick Wall, Jarrod Woodward and Frederieke Van Ball.

In Brazil, TozziniFreire has advised Kirin Holdings Company with Jun Oyafuso Makuta, Daniel Oliveira Andreoli, Fernando Eduardo Serec, Eduardo Barreto Alfonso, Jacques Abi Ghosn and Mario Glauco Pati Neto.

Involved fees earner: Kevin Louis Mundie – Mundie e Advogados; Rodolpho de Oliveira Franco Protasio – Mundie e Advogados; Ana Cristina de Moraes – Mundie e Advogados; Diego Orenstein – Mundie e Advogados; Antenori Trevisan Neto – Mundie e Advogados; Guilherme Favaro Corvo Ribas – Mundie e Advogados; Jun Oyafuso Makuta – Tozzini Freire ; Eduardo Barreto Alfonso – Tozzini Freire ; Jacques Abi Ghosn – Tozzini Freire ; Mario Glauco Pati Neto – Tozzini Freire ; Daniel Oliveira Andreoli – Tozzini Freire ; Fernando Eduardo Serec – Tozzini Freire ; Louis Goldberg – Davis Polk & Wardwell; Phillip R. Mills – Davis Polk & Wardwell; Ajay Lele – Davis Polk & Wardwell; Katharine Jan – Davis Polk & Wardwell; Will Pearce – Davis Polk & Wardwell; Joseph Scrace – Davis Polk & Wardwell; Avishai Shachar – Davis Polk & Wardwell; Patrick Sigmon – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Kyoko Takahashi Lin – Davis Polk & Wardwell; Nick Wall – Allen & Overy; Jarrod Woodward – Allen & Overy; Frederieke van Baal – Allen & Overy;

Law Firms: Mundie e Advogados; Tozzini Freire ; Davis Polk & Wardwell; Allen & Overy;

Clients: Heineken; Kirin Holdings Co Ltd ;

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