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Baker McKenzie has advised the American giant Archer Daniels Midland (ADM) in the context of the acquisition of Neovia, a global provider of high value-added animal nutrition solutions, for € 1.535 billion.

Listed on the New York Stock Exchange (NYSE), ADM is one of the top 50 American companies in terms of turnover according to the Fortune 500 list published each year by the economics magazine Fortune. With turnover of $62.3 billion, ADM is also one of the major global players in the food industry. 

The American company announced yesterday that it had entered into an exclusive negotiation agreement to acquire Neovia, the French animal nutrition specialist.

Neovia is a subsidiary of InVivo, the leading French agricultural cooperative group and one of the largest at European level. Created in 1954 and based in Saint-Nolff in Britany, Neovia currently has 72 production units and employs more than 8,000 people in 28 countries. Specialising in animal nutrition, the company is also present in the field of aquaculture, additives, ingredients and pet care.  

This operation sets the value of Neovia at €1.535 billion subject to the usual adjustments. 

The Baker McKenzie team was led by Olivia Tyrrell, M&A partner in Chicago, and Matthieu Grollemund, M&A partner in Paris. The Paris team was also made up of Hugo Sanchez de la Espada, partner, Diane Kisler and Gautier Valdiguié, associates. Guillaume Le Camus, partner, and Charles Baudouin, counsel, worked on tax aspects. Léna Sersiron and Samantha Mobley, partners, provided antitrust expertise while Marc Mariani, partner, worked on the operation’s real estate aspects.  Lastly, Marie-Laetitia De La Ville-Bauge, counsel, was consulted on environment law issues. 

The Neovia shareholders were advised on legal aspects by Dechert LLP whose team was led by Alain Decombe and Ermine Bolot, partners, assisted by Guillaume Briant, senior associate, and Magali Stuber, Vianney Toulouse and Claire Tanguy (associates working on corporate aspects); Mélanie Thill-Tayara, partner, Laurence Bary, national partner, and Raimbaut Lacoeuilhe, associate, worked on competition aspects; and Bruno Leroy, partner, was consulted on tax structuring aspects.
 
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