Davis Polk advised Olam Food Ingredients on the deal.
Olam Food Ingredients executed its acquisition of Olde Thompson from Kainos Capital and Olde Thompson’s management shareholders at an enterprise value of $950 million. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021.
Olam Food Ingredients is a new operating group born out of Olam International Limited, a Singapore-headquartered food and agri-business. OFI offers sustainable, natural, value-added food and beverage ingredients and solutions so that consumers can enjoy the healthy and indulgent products.
Established in 1944, Olde Thompson is a leading manufacturer of private label spices, seasonings, baking ingredients and spice-related housewares in the United States.
The Davis Polk corporate team advising Olam Food Ingredients included partner Brian Wolfe (Picture) and associates Arthur M.T. Burke, Michael Gilson, Alex Yang. Partner William A. Curran provided tax advice. Partner Hilary Dengel and counsel Welton E. Blount provided finance advice. Partner Ronan P. Harty provided antitrust and competition advice. The intellectual property and technology transactions team included partner Pritesh P. Shah. The executive compensation team included partner Adam Kaminsky.
Involved fees earner: Welton Blount – Davis Polk & Wardwell; Arthur Burke – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; Hilary Dengel – Davis Polk & Wardwell; Michael Gilson – Davis Polk & Wardwell; Ronan Harty – Davis Polk & Wardwell; Adam Kaminsky – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Brian Wolfe – Davis Polk & Wardwell; Alex Yang – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: Olam Food Ingredients;