Linklaters advises Tate & Lyle on the proposed acquisition of CP Kelco for US$1.8bn

Linklaters has advised long standing client Tate & Lyle on the proposed acquisition of CP Kelco, a leading provider of pectin, speciality gums and other nature-based ingredients, from J.M. Huber Corporation for US$1.8bn (approx. £1.4bn), taking control of its three divisions in the US, China and Denmark.

This transaction will significantly accelerate Tate & Lyle’s strategy to become a growth-focused specialty food and beverage solutions business aligned to attractive structural and growing consumer trends for healthier, tastier, and more sustainable food and drink.

The cross-practice deal team was led by Global Head of Corporate Simon Branigan and Corporate partners Lisa Chang and Namrata Shah, supported by managing associate Ellie Tayler and associate Cassandra Smith. Banking partner Caroline Courtney and managing associate Atish Shah advised on the financing side. They were supported by partner Marly Didizian (London) on commercial carve-out aspects, partner Sam Lintonbon (London) and Gabe Grossman (New York) on Tax and partner Thomas McGrath on antitrust matters (New York).

This is the second transaction Linklaters has advised Tate & Lyle on this year following the sale last month of its remaining 49.7% interest in Primary Products Investments LLC (“Primient”), Tate & Lyle’s primary products business in North America and Latin America, to KPS Capital Partners, LP (“KPS”), for US$350m.

Linklaters covers the full spectrum of corporate work advising buyers, sellers and financial advisers on public takeovers, private M&A, equity capital markets, private equity, joint ventures and commercial partnerships, disposals, corporate restructurings and board advisory issues. The firm’s end-to-end approach brings together leading transactional expertise with the full range of specialist areas including antitrust, employment and incentives, environmental, intellectual property, pensions, tax and technology.