Baker McKenzie advised The Livekindly Company, Inc. ("LIVEKINDLY Collective") on the acquisition of a 49% stake in LikeMeat from Recker Holding GmbH. LikeMeat is a Dusseldorf-based company founded in 2013, which specializes in the production of vegan meat alternatives.
As a result of this transaction, and having acquired the remaining 51% in the renowned food company from heristo AG at the beginning of the year, LIVEKINDLY Collective became the sole shareholder of LikeMeat. The parties agreed not to disclose further details of the transaction.
An international team of Baker McKenzie lawyers led by Dr. Thomas Gilles advised LIVEKINDLY Collective on all legal aspects of the transaction.
"Together with our well-rehearsed international team, we were able to contribute to a successful conclusion of the transaction. It was very exciting to assist our client in this transaction in such a highly dynamic environ-ment of plant-based products", comments Baker McKenzie corporate/M&A partner Dr. Thomas Gilles.
LikeMeat was founded in 2013 and specialises in the production of vegan meat alternatives. The company is represented in the food retail sector with fresh products such as plant-based bratwurst, schnitzel and gyros strips and also offers a product range for the food service.
The LIVEKINDLY Collective is a collective of plant-based heritage and start-up brands including: The Fry Fam-ily Food Co., LikeMeat, and LIVEKINDLY Media. Committed to transforming our global food system and the only company in the plant-based food sector to own and operate the entire value chain of production, the LIVEKINDLY Collective has established strategic partnerships with seed growers, producers, distributors, and has invested in infrastructure to transform traditional meat production facilities to plant-based products.
The global Corporate/M&A team of Baker McKenzie advises on more cross-border transactions than any other law firm. Most recently the team advised Chr. Hansen Holding A/S on the acquisition of Jennewein Bio-technologie GmbH, GEA on the sale of the compressor manufacturer Bock to NORD Holding, DBAG on an investment in congatec Holding AG, SAP on the sale of the communication unit SAP Digital Interconnect to Sinch AB, Air Liquide on the sale of the Schülke Group to the Swedish financial investor EQT, METRO AG on the establishment of a strategic partnership with Wumei Technology Group, Bayer AG on the sale of its majority stake in the chemical park operator Currenta, SPIE on the acquisition of OSMO, Toppan Printing Co. Ltd. on the acquisition of the German Interprint Group and Evonik on the sale of its methacrylate business to Advent International.
Legal advisor to LIVEKINDLY Collective:
Lead: Corporate/M&A: Dr. Thomas Gilles (Partner, Frankfurt)
Team: Corporate/M&A: Dr. Christian Vocke (Partner, Frankfurt), Dr. Markus Moertel (Senior Associate, Frankfurt), Nikolas Lazaridis (Associate, Frankfurt), Florian Fehres (Legal Director, Amsterdam), Casper Henschen (Associate, Amsterdam)
Commercial: Dr. Johannes Teichmann (Partner, Frankfurt), Dr. Ingmar Oltmanns (Senior Associate, Frankfurt)
Banking & Finance: Dr. Oliver Socher (Partner, Frankfurt), Silke Fritz (Counsel, Frankfurt)
Real Estate: Dr. Florian Thamm (Partner, Frankfurt)
Intellectual Property: Dr. Rembert Niebel (Partner, Frankfurt)
Data Protection / IT: Dr. Holger Lutz (Partner, Frankfurt), Simone Rieken (Senior Associate, Frankfurt)
Employment: Dr. Christian Reichel (Partner, Frankfurt), Roderick Beudeker (Senior Associate, Amsterdam)
Pharma: Dr. Martin Altschwager (Senior Associate, Frankfurt), Dr. Dorothea Radtke (Associate, Frankfurt)
Tax: Sonja Klein (Senior Counsel, Frankfurt)