The Mosaic Company’s $2.5 Billion Acquisition of Vale Fertilizantes


Simpson Thacher has advised The Mosaic Company (NYSE: MOS) in connection with its agreement to acquire the Vale Fertilizantes business from Vale S.A. for an aggregate purchase price of $2.5 billion to be paid in cash and stock. The transaction is expected to close in late 2017, subject to receipt of regulatory approvals and satisfaction of other closing conditions. Vale will be entitled to receive an additional amount of up to $260 million to be paid in cash over the two-year period following closing if certain financial metrics are achieved.

The Mosaic Company is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. Vale is one of the largest metals and mining companies in the world, based on market capitalization. Vale Fertilizantes and its subsidiaries conduct global phosphate and potash operations, including facilities and projects in the provinces of Minas Gerais, Goiás, Sergipe and São Paulo, Brazil, Saskatchewan, Canada, and Mendoza, Argentina.

The Simpson Thacher team includes Eric Swedenburg (Picture), Sebastian Tiller, Leah Baucom, Elizabeth Romefelt and Mark Viera (M&A); Joe Kaufman (Capital Markets); David Rubinsky, Alisa Tschorke and Monisha Bhayana (Executive Compensation and Employee Benefits); Rob Holo, Jasmine Hay and William Smolinski (Tax); Adeeb Fadil and Louise Kruger (Environmental); Marcela Robledo (Intellectual Property); Krista McManus (Real Estate); Steve DeLott (Insurance); and Peter Thomas and Ellen Frye (Antitrust).

In Brazil, Lobo & de Rizzo Advogados has advised The Mosaic Company with Valdo Cestari de Rizzo, Regina Gasulla Bouza, Rodrigo Roso and Nicolle da Silva Zennaro.

In Argentina, M. & M. Bomchil has advised The Mosaic Company with Javier Petrantonio, Laura Lavia Haidempergher, Adrián Furman, Ariadna Artopoulos, Máximo J. Bomchil and Edgardo L. Isola.

In Brazil, Souza, Cescon, Barrieu & Flesch has advised Vale Fertlizantes.

Cleary Gottlieb Steen & Hamilton LLP has advised Vale Fertlizantes with Jeffrey Lewis, Benet O’Reilly, Juan Giráldez, Jim Duncan, Jeremy Calsyn, Arthur Kohn, Len Jacoby, Aaron Meyers, Daniel Culley, Caroline Hayday, Rick Bidstrup, Rebecca Reeb, Kylie Barza, Katy Yang, David Moore, Erin Frake, Katy Yang, Daniel Forester, Jane Rosen and Vitor Stern.

Involved fees earner: Valdo Cestari de Rizzo – Lobo & de Rizzo; Regina Gasulla Bouza – Lobo & de Rizzo; Rodrigo Roso – Lobo & de Rizzo; Javier Petrantonio – M. & M. Bomchil; Laura Lavia Haidempergher – M. & M. Bomchil; Adrián Furman – M. & M. Bomchil; Máximo Bomchil – M. & M. Bomchil; Ariadna Artopoulos – M. & M. Bomchil; Edgardo Isola – M. & M. Bomchil; Eric Swedenburg – Simpson Thacher & Bartlett; Sebastian Tiller – Simpson Thacher & Bartlett; Elizabeth Romefelt – Simpson Thacher & Bartlett; Mark Viera – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Alisa Tschorke – Simpson Thacher & Bartlett; Monisha Bhayana – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; William Smolinski – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Louise Kruger – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Peter Thomas – Simpson Thacher & Bartlett; Ellen Frye – Simpson Thacher & Bartlett; Jeffrey Lewis – Cleary Gottlieb Steen & Hamilton; Benet O’Reilly – Cleary Gottlieb Steen & Hamilton; Juan Giráldez – Cleary Gottlieb Steen & Hamilton; Aaron Meyers – Cleary Gottlieb Steen & Hamilton; David Moore – Cleary Gottlieb Steen & Hamilton; James Duncan – Cleary Gottlieb Steen & Hamilton; Rebecca Reeb – Cleary Gottlieb Steen & Hamilton; Kylie Barza – Cleary Gottlieb Steen & Hamilton; Jeremy Calsyn – Cleary Gottlieb Steen & Hamilton; Daniel Culley – Cleary Gottlieb Steen & Hamilton; Erin Frake – Cleary Gottlieb Steen & Hamilton; Arthur Kohn – Cleary Gottlieb Steen & Hamilton; Caroline Hayday – Cleary Gottlieb Steen & Hamilton; Katy Yang – Cleary Gottlieb Steen & Hamilton; Leonard Jacoby – Cleary Gottlieb Steen & Hamilton; Daniel Forester – Cleary Gottlieb Steen & Hamilton; Jane Rosen – Cleary Gottlieb Steen & Hamilton; Richard Bidstrup – Cleary Gottlieb Steen & Hamilton;

Law Firms: Lobo & de Rizzo; M. & M. Bomchil; Simpson Thacher & Bartlett; Cleary Gottlieb Steen & Hamilton;

Clients: Vale S.A.; Mosaic Company;

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Author: Ambrogio Visconti