Piper Alderman and BCLP will be the guiding force behind Driscoll’s purchase of Costa Group

by

Piper Alderman has teamed up with Bryan Cave Leighton Paisner LLP (BCLP) to advise Driscoll’s Inc. on the $2.5 billion acquisition of ASX listed Costa Group Holdings Limited by an alliance. The transaction was officially announced on September 22nd, and will be executed by a court-approved arrangement. The all-cash option the equity of Costa is valued at $1.496 billion. Its total enterprise value was $2.459 billion.

The group was helmed by US private equity company Paine Schwartz Partners, LLC (PSP) which is controlled by PSP entities, as along with Driscoll’s and British Columbia Investment Management Corporation (BCI). The plan is subject to the approval of Costa’s shareholders and specific regulatory approvals in Australia and China, the EU, China, and Morocco in accordance with the BCLP press announcement.

The plan is scheduled to go into effect in the first quarter of 2024. In the wake of the acquisition Costa will withdraw on the ASX.


Source: thelawyermag.com

Related Agroforestry News Posts:

  1. Prices are higher for Costa Rican pineapples The supply of pineapples is continuing to be on the lower aspect. “The production of Costa Rica is currently looking at lower yields” states Sofia Acon of Kapi Kapi Growers. “This can be attributed to a variety of elements, such...
  2. Biodiesel breaks into public market in Costa Rica Biodiesel burglarize public market in Costa Rica|Biofuels International Publishing...
  3. HHLA announces the acceptance of a free public takeover proposal by MSC group Hamburger Hafen und Logistik AG (HHLA) informs that Port of Hamburg Beteiligungsgesellschaft SE today published its decision to submit a voluntary public Takeover Offer pursuant to Sec. 10 para. 1 and Para. 3 when paired with 1 and para. 3...
  4. The focus of Australia’s varroa mite group moves from eradication to a’management’ focus group Australia was the first continent that was free of the varroa mite that can reduce the number of bees in the area or cause death of viral illness, up until they were discovered in the hives of sentinel bees in...
  5. Environment-friendly Plains to purchase Texas ethanol vegetation coming from Murphy U.S.A Plantations International Updates Environment-friendly Plains as well as gasoline retailer Murphy U.S.A have executed a definite deal regarding the acquisition through Environment-friendly Plains of Murphy UNITED STATE’s ethanol creation facility located in Hereford, Texas. Under the regards to the arrangement,...

Source: The Plantations International Agroforestry Group of Companies