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Acquisition of PGG Wrightson’s seed and grain business

August 07, 2018


Partners Simon Vannini, Andrew Matthews, Andrew Harkness, James Hawes, Greg Towers, John Rooney
Senior Associates Tara Wylie, Rebecca Rendle, Warren Bangma

M&A and capital markets Simpson Grierson news and events Overseas investment

Simpson Grierson acted for Danish cooperative DLF Seeds in its recently announced purchase of PGG Wrightson’s seed and grain business for $421 million.

This sale allows DLF, as the world’s leading cool season clover and grass seed company, to strengthen their global customer offering via access to the leading temperate forage seed operation in the Southern Hemisphere.

The deal also includes a long-term distribution agreement and the right for the seed and grain business to continue using the PGG Wrightson name and brands.

Simpson Grierson partner Simon Vannini led the law firm’s team on this work, which involved a number of specialists from multiple areas of the firm.   

“The complexity of this deal stemmed from the need to deliver ongoing value through the acquisition and resulting partnership of these two companies, that meets both shareholder and regulatory approval,” says Vannini.

The law firm advised DLF Seeds on the full range of legal aspects of the transaction, including the Overseas Investment Act and Commerce Act, and negotiations of the transaction documents.

Simpson Grierson also coordinated legal counsel in Australia (Clayton Utz) and Uruguay (Guyer & Regules) and worked closely with DLF’s financial and tax advisors (EY).

The sale is subject to the approval of PGG Wrightson shareholders, as well as regulatory approvals.