Baker McKenzie advised the owners of Fragrance Resources, an internationally active fragrance producer with operating units in Germany, the USA, France and China, on the sale of the company. The buyer was the US-listed perfume producer IFF (International Flavors & Fragrances), based in New York. The parties have agreed not to disclose the purchase price. The transaction is still subject to the approval of the antitrust authorities and is expected to be completed in January 2017.

Baker advised the seller's side of the transaction with a transnational team lead from Germany.

"The purchased shares are based in Germany, the USA and France, which was a particular challenge for the negotiations. We were able to accompany our client effectively with an international team, "commented Dr. Heiko Gotsche, the lead partner at Baker McKenzie.

Fragrance Resources is a family-owned perfumery company that has been offering innovative fragrances and high-quality service to its customers for almost 30 years. Fragrance Resources has offices in Germany, North America, France and China.

Headquartered in New York and publicly traded on the stock exchanges in New York and Paris, IFF is one of the world's leading manufacturers of flavor and fragrance products and is represented in 35 countries.

The Corporate/M&A team of Baker McKenzie regularly advises clients on cross-border transactions and reorganizations. Most recently Baker McKenzie advised MAGNA International Inc. on the acquisition of Böddecker & Co. GmbH & Co. KG, Hillhouse Capital on the acquisition of Gimborn, ALBA Group on the entry of a Chinese investor, Deutsche Beteiligungs AG on the minority interest in the R&M International GmbH and previously in the participation of the Swiss mageba AG, GFKL Lowell Group on the acquisition of Tesch collection, Dassault Systèmes on the acquisition of the CST group, Sulzer on the takeover of the GEKA group of 3i, Allegion on the acquisition of Trelock, RWE and E.ON on the sale of their shares in the Luxembourg energy supplier Enovos, Deutsche Beteiligungs AG on a non-controlling interest in mageba AG, HITACHI Koki on the acquisition of Metabo AG, Barry-Wehmiller group on the acquisition of the operations of Winkler+Dünnebier GmbH, ZF Friedrichshafen AG on the acquisition of the industrial and wind turbine business of Bosch Rexroth AG, Group Le Duff on the acquisition of Kamps and Telefónica/E-Plus on the sale of yourfone to Drillisch.

Legal advisors to the owner family:
Baker McKenzie

Lead: Corporate / M&A: Dr. Heiko Gotsche (partner, Düsseldorf)
Team: Corporate: Ingo Strauss (partner, Düsseldorf), Lena von Richthofen (associate, Düsseldorf), Jana Upschulte (associate, Düsseldorf), Carlo Perez-Arizti (associate, New York) ), Tino Marz (associate, Chicago), Alyssa Gallot-Auberger (partner, Paris), Elise Favier (associate, Paris)
IP: Dr. Benjamin Koch (partner, Munich)
Tax: Dr Norbert Mueckl (partner, Munich), Dr Cristan Gerhold (associate, Munich), Jonathan Stevens (partner, New York), Guillaume Le Camus (partner, Paris)
Labor Law: Dr. Hagen Köckeritz (partner, Frankfurt), Dr. Lena Kern (associate, Frankfurt)
Antitrust: Christian Horstkotte (partner, Düsseldorf), Ghazale Mandegarian (associate, Düsseldorf))

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