Clifford Chance has advised Mitsui & Co., Ltd. on the deal.
Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori) has merged two European crop protection distribution business: Certis Europe B.V. (“Certis”, Head Office: Netherlands), and Belchim Crop Protection NV/SA (“Belchim”, Head Office: Belgium), both affiliates of Mitsui’s wholly owned subsidiary, Mitsui AgriScience International SA/NV (“MASI”, Head Office: Belgium).
Both companies have achieved growth as crop protection distribution platforms for the European and North American markets by working with the Mitsui & Co. group through strategic alliances with leading Japanese R&D-focused crop protection manufacturers.
Having obtained the agreement of Japanese shareholders, the two companies will merge their operations to form a business with significant presence primarily in the European market. Upon completion of the required formalities, the new company’s name will be changed to Certis Belchim B.V. (“Certis Belchim”, Head Office: Netherlands) in order to capitalize on the brands of both companies.
Mitsui will work with the management team and staff of the merged company to strengthen its management foundation, achieve the improvement of crop productivity and quality while pursuing environmental protection in agriculture by combining original high added-value products developed by Japanese R&D-focused crop protection manufacturers and environment-friendly biopesticides and seed treatment preparations, which are strengths of both companies, to create an attractive crop protection distribution platform that will generate new value.
Clifford Chance Partner Natsuko Sugihara (Picture) led a cross-border team across four international offices, with support from partners Jeroen Thijssen, Mark Jan Arends (Amsterdam), Xavier Remy, Richard Blewett (Brussels) and Marc Besen (Dusseldorf), counsel Masafumi Shikakura (Tokyo), Milena Robotham (Brussels), senior associates Shunsuke Nagae (Tokyo), Evert van der Kaa, Laura Stegeman (Amsterdam), qualified lawyers Yuki Hoshinaga, Machiko Ishii (Tokyo), Yvo van Bijsterveld (Amsterdam), Nathan Tulkens (Brussels) and trainee associate Sarah Van Eijk (Amsterdam).
Involved fees earner: Mark Jan Arends – Clifford Chance; Marc Besen – Clifford Chance; Richard Blewett – Clifford Chance; Yuki Hoshinaga – Clifford Chance; Machiko Ishii – Clifford Chance; Shunsuke Nagae – Clifford Chance; Xavier Remy – Clifford Chance; Milena Robotham – Clifford Chance; Masafumi Shikakura – Clifford Chance; Laura Stegeman – Clifford Chance; Natsuko Sugihara – Clifford Chance; Jeroen Thijssen – Clifford Chance; Nathan Tulkens – Clifford Chance; Evert van der Kaa – Clifford Chance;
Law Firms: Clifford Chance;
Clients: Mitsui & Co. Ltd;