Cornerstone Investment Management and Kartesia’s Acquisition Of Shares In Greenyard Prepared Netherlands

Clifford Chance, Dentons and Linklaters advised Cornerstone Investment Management on the matter. Filipiak Babicz advised Okechamp and Stibbe advised Kartesia. Allen & Overy advised Greenyard.

Cornerstone Investment Management, a private equity investment manager, in cooperation with Kartesia, a European specialist financing provider, executed the acquisition of 100% of the shares in Greenyard Prepared Netherlands, operating from its facility in Velden in the Netherlands, which specialises in the processing and supply of high quality, freshly harvested mushrooms in cans and jars to a worldwide customer base.

The joint project will represent a long-term co-operation among Cornerstone Investment Management, investment firm Kartesia and Polish mushroom producer Okechamp S.A., which will provide €80 million in financing for the development of a Polish-Dutch food holding company. The plans include product innovation, including the production of protein concentrates and various types of cultivated mushrooms to be used in vegan food products.

An international team of Clifford Chance lawyers from Warsaw, Amsterdam, Luxembourg and Brussels advised on the transaction. The Clifford Chance team advising on the transaction was led by partner Wojciech Polz (Picture), and supported by Karol Kulhawik, Marta Matynia, Zuzanna Potoczna, Michal Besciak and Aleksander Ostafil, associates in the Corporate Department. From the firm’s Amsterdam office, partner Mark Jan Arends and associates Evert van der Kaa, Catherine van der Helm, Sabrina Spoor and Zoë van den Broek were involved. The Luxembourg and Brussels teams comprised partners Katia Gauzès and Niek de Pauw, counsel Judit Stern and associates Megi Bllaca and Camille Fantozzi.

The Dentons team included Partner Bartosz Nojek, who supervised the cross-border project, Tomasz Zwolinski (managing counsel) and Katarzyna Mazur (associate), with support from Katarzyna Kaptur (associate) from the Banking and Finance team in Warsaw. The team also included Marcel Janssen (partner), Shivaughn Tets (associate) and Daan Overwater (associate) in Amsterdam and Stephane Hadet (partner), Christophe Renaudin (senior associate) and Yifan Zhang (associate) in Luxembourg.

The Linklaters team consisted of Partner Malgorzata Szwaj, Managing Associate Wojciech Podlasin, and Senior Associate Barbara Wanat.

Filipiak Babicz’s team consisted of Managing Partner Mateusz Brodnicki, Attorney-at-Law Natalia Panus-Domiter, and Trainee Attorney-At-Law Zuzanna Stocka.

Involved fees earner: Mark Jan Arends – Clifford Chance; Micha? Be?ciak – Clifford Chance; Megi Bllaca – Clifford Chance; Niek De Pauw – Clifford Chance; Katia Gauzès – Clifford Chance; Karol Kulhawik – Clifford Chance; Marta Matynia – Clifford Chance; Wojciech Polz – Clifford Chance; Zuzanna Potoczna – Clifford Chance; Judit Stern – Clifford Chance; Catherine van der Helm – Clifford Chance; Evert van der Kaa – Clifford Chance; Stephane Hadet – Dentons; Marcel Janssen – Dentons; Katarzyna Kaptur – Dentons; Katarzyna Mazur – Dentons; Bartosz Nojek – Dentons; Daan Overwater – Dentons; Christophe Renaudin – Dentons; Shivaughn Tets – Dentons; Yifan Zhang – Dentons; Tomasz Zwoli?ski – Dentons; Mateusz Brodnicki – Filipiak Babicz; Natalia Panus-Domiter – Filipiak Babicz; Wojciech Podlasin – Linklaters; Malgorzata Szafra?ska – Linklaters; Barbara Wanat – Linklaters;

Law Firms: Clifford Chance; Dentons; Filipiak Babicz; Linklaters;

Clients: Cornerstone Investment Management; Okechamp;

Federica Tiefenthaler

Author: Federica Tiefenthaler