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Combining the knowledge of local laws and cultures with a global reach is just one of the ways Baker & McKenzie separates itself from other firms. Our genuinely global perspective allows us to operate without boundaries around the world, in every jurisdiction that is important to your business.
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Dieter A. Schmitz
Matthew R. Gemello
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San Francisco
Palo Alto
Baker & McKenzie Represents AgraQuest in US$ 500 Million Sale to Bayer
English
Deal Announcement
5 July 2012
San Francisco/Palo Alto, USA, July 5, 2012 – Baker & McKenzie represented AgraQuest, the global biotechnology company and leader in green agriculture, in its announced sale to Bayer CropScience for a total purchase price of close to US$ 500 million.
AgraQuest, headquartered in Davis, California, USA, is a global supplier of innovative biological pest management solutions based on natural microorganisms. According to the deal announcement, the acquisition will enable Bayer CropScience to further build a leading technology platform for green products and to strengthen its strategically important fruits and vegetables business. Bayer CropScience is a subgroup of Bayer AG, the leading global health care, nutrition and high-tech materials company based in Leverkusen, Germany.
AgraQuest products are
available in more than 30 countries including Canada, USA, Mexico, Brazil and European countries including the United Kingdom, Germany, France and Italy. The acquisition includes AgraQuest´s R&D site in California and a state-of-the-art production facility for the cost-effective production of biopesticides and biochemicals in Tlaxcala, Mexico. For more information, please see the
Bayer CropScience-AgraQuest joint press release
.
The Baker & McKenzie team was led by Partners Matthew Gemello (Palo Alto) and Dieter Schmitz (Chicago), and included Partner Tiffany Rose (Palo Alto).
"We were pleased to represent AgraQuest on this important transaction," said Mr. Gemello, Chair of the Firm's California Corporate & Securities practice. "Agricultural technology is a burgeoning global industry, and this combination of true innovators in the field promises great results for consumers and key stakeholders for many years to come."
"The Baker & McKenzie cross-border team provided excellent support on this significant transaction for our company," said Christina Huben, Senior Vice President, General Counsel and Secretary of AgraQuest. "Matthew’s extensive experience with venture-backed emerging-growth technology companies and Dieter’s insight into leading German companies were a perfect complement."
"Our team is grateful for the opportunity to represent AgraQuest on this deal, and it's been an honor to work again with Christina Huben, whom I have known for many years," added Mr. Schmitz. "Her leadership was key to the success of this transaction."
További információ
Kevin Blasko
Senior Manager, Communications, North America
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+1 312 861 6633
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