Symrise’s $900 Million Acquisition Of ADF/IDF

Clifford Chance is advising Symrise AG on its acquisition of ADF/IDF (American Dehydrated Foods / International Dehydrated Foods), a leading natural nutrition ingredient provider for pet food, and a pioneer in clean label meat and egg-based taste and nutrition ingredients. Symrise has entered into an agreement to acquire ADF/IDF from its owners for $900 million.

Symrise, a global supplier of fragrances, flavors, food and cosmetic ingredients with clients that include manufacturers of perfumes, cosmetics, food, beverages and pharmaceuticals, and producers of nutritional supplements and pet food, intends to combine ADF/IDF with its Symrise Nutrition division, Diana, to create a leading global player in meat and egg-based protein specialties with a focus on all-natural and sustainable solutions.

The cross-border Clifford Chance team advising Symrise includes lawyers in New York, Washington, DC and Germany.

The Clifford Chance team advising Symrise out of New York is led by Corporate/M&A partner Benjamin Sibbett (Picture), and includes Stephanie Kilmer, Jake Makar, Sarah Holm and Nick Warman (Corporate/M&A); Philip Wagman and Sean Smestad (Tax); Howard Adler and Atul Jain (ERISA/Benefits); Tim Cornell, Brian Concklin and Abigail Cessna (Antitrust); Vicky Manthas and Elie Margulies (Real Estate); Daryl Fairbairn and Jennifer Saionz (Intellectual Property); John McManmon (Banking); Nicholas Williams and Benjamin Lee (Insurance); and other colleagues based in New York and Washington, DC.

The Clifford Chance team advising Symrise out of Germany is led by M&A partner Christof-Ulrich Goldschmidt, and includes Christian Vogel, Maria Luisa Köhler and Rouven Reuter (Corporate/M&A); Bettina Steinhauer, George Hacket, Adela Hardmeyer, David Santoro, Andrei Dan Manea, Anjana Parvathy and Christoph Nensa (Banking); Stefan Behrens (Tax); and Marc Besen and Caroline Scholke (Antitrust); and other Germany-based colleagues.

Involved fees earner: Benjamin Lee – Berwin Leighton Paisner; Howard Adler – Clifford Chance; Stefan Behrens – Clifford Chance; Marc Besen – Clifford Chance; Abigail Cessna – Clifford Chance; Brian Concklin – Clifford Chance; Tim Cornell – Clifford Chance; Andrei Dan Manea – Clifford Chance; Daryl Fairbairn – Clifford Chance; Christof-Ulrich Goldschmidt – Clifford Chance; George Hacket – Clifford Chance; Adéla Hardmeyer – Clifford Chance; Sarah Holm – Clifford Chance; Atul Jain – Clifford Chance; Stephanie Kilmer – Clifford Chance; Maria Luisa Köhler – Clifford Chance; Jake Makar – Clifford Chance; Victoria Manthas – Clifford Chance; John McManmon – Clifford Chance; Christoph Nensa – Clifford Chance; Anjana Parvathy – Clifford Chance; Rouven Reuter – Clifford Chance; Jennifer Saionz – Clifford Chance; David Santoro – Clifford Chance; Caroline Scholke – Clifford Chance; Benjamin Sibbett – Clifford Chance; Sean Smestad – Clifford Chance; Bettina Steinhauer – Clifford Chance; Christian Vogel – Clifford Chance; Philip Wagman – Clifford Chance; Nick Warman – Clifford Chance; Nicholas Williams – Clifford Chance; Elie Margulies – Schiff Hardin LLP;

Law Firms: Berwin Leighton Paisner; Clifford Chance; Schiff Hardin LLP;

Clients: Symrise;

Author: Ambrogio Visconti