Cescon, Barrieu, Flesch & Barreto and Demarest advised on the transaction
Israel Chemicals (NYSE:ICL), through ICL Brasil Ltda., executed the acquisition of Brazilian specialty plant nutrition company Agro Fertilaqua Participações S.A. for $22.5 million.
The Acquisition is expected to expand ICL’s specialty plant nutrition product portfolio and significantly enhance its customer base and on-ground presence across agriculture regions in Brazil.
Upon closing, ICL expects to leverage Fertiláqua’s market presence and distribution capabilities to increase the sales of its organic fertilizers, controlled-released fertilizers and other specialty plant nutrition products to the Brazilian market.
The closing of the acquisition is expected to occur by early 2021, subject to the closing conditions.
Cescon, Barrieu, Flesch & Barreto advised ICL Brasil Ltda. with Marcos Rafael Flesch (Picture).
Demarest advised Aqua Capital with Daniel Oliveira Andreoli, José Setti Diaz, Ciro Alvarenga, Débora Sejtman Gartner and Lucas Luiz Lopes Parra.
Involved fees earner: Marcos Rafael Flesch – Cescon, Barrieu, Flesch & Barreto; Lucas Luiz Lopes Parra – Demarest; Ciro Martins Alvarenga – Demarest; Daniel Oliveira Andreoli – Demarest; Débora Sejtman – Demarest; José Setti Diaz – Demarest;