Clayton Utz confirms role in NZ$421m deal

A Danish cooperative buys part of New Zealand’s largest agribusiness services company

Clayton Utz confirms role in NZ$421m deal

Clayton Utz advised on the Australian law aspects of the recently announced blockbuster deal between Denmark’s DLF Seeds and New Zealand’s PGG Wrightson (PGW).

DLF has agreed to buy PGW’s seed and grain business for NZ$421m, adding to its portfolio the leading temperate forage seed business  in the Southern Hemisphere. DLF, owned by about 3,000 Danish farmers, is the world’s largest cool season clover and grass seed company.

Clayton Utz confirmed to Australasian lawyer that its team is led by Rory Moriarty, national corporate practice group head. He is assisted by senior associate Lara Solomons and lawyer Jeffrey Tang.

Simpson Grierson is lead legal counsel for DLF in New Zealand, with a team led by partner Simon Vannini.

“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,” he said.

Chapman Tripp is the lead legal counsel for PGW, with a team that includes Andrew Woods, partner and board chair, as well as senior associate Ben Warden and partner Lucy Cooper.

 

Related stories:
Top firms lead in blockbuster agri deal
Australian tech acquisition work goes to three top firms

 

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