Morgan Lewis and Arthur Cox split roles on €751m banana company sale
Pair advise on the sale of of Irish fruit and vegetable company Fyffes to Japan's Sumitomo
December 09, 2016 at 09:43 AM
2 minute read
Morgan Lewis & Bockius and Arthur Cox have won roles as Japanese company Sumitomo Corporation agrees to buy Irish fruit and vegetable company Fyffes for €751m (£639m).
Dublin-headquartered Fyffes produce and distribute bananas, melons, pineapples and mushrooms. Sumitomo owns a range of businesses across multiple sectors including construction, media and minerals and food.
US firm Morgan Lewis is advising Sumitomo on the acquisition with a team led by London-based international finance head Bruce Johnston, alongside New York M&A partners Bradley Edmister, Alan Neuwirth and Harry Robins, and Houston M&A partner Humberto Gonzalez Padilla.
Irish firm Arthur Cox is advising Fyffes with a Dublin-based team led by corporate partner Stephen Hegarty and including fellow corporate partners Ciaran Bolger and Geoff Moore, as well as employment partner Cian Beecher and tax partner Ailish Finnerty.
Fellow Irish firm A&L Goodbody also advised Sumitomo on Irish law aspects of the deal, with its team including corporate partners David Widger and Richard Grey.
Baker & McKenzie is acting for the lender, Sumitomo Mitsui Banking Corporation, which is a separate entity to Sumitomo Corporation.
William Fry and Skadden, Arps, Slate, Meagher & Flom are advising JP Morgan, the financial adviser on the deal.
Last year, Morgan Lewis and Arthur Cox won support roles acting on the $160bn (£127bn) Pfizer-Allergan merger, scrapped earlier this year due to a crackdown on tax inversion deals by the US Treasury Department.
Arthur Cox advised Dublin-headquartered Allergan with a team led by corporate partner Geoff Moore, while Morgan Lewis provided antitrust advice to Pfizer on the deal with a team led by partners Scott Stempel and Harry Robins.
US firms Wachtell Lipton Rosen & Katz, Skadden Arps Slate Meagher & Flom, Cleary Gottlieb Steen & Hamilton and Latham & Watkins had taken the lead advising on the aborted deal.
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