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Ellex Raidla, Hannes Snellman, and Magnusson Advise on Marrone Bio Innovations Acquisition of Pro Farm Technologies

Ellex Raidla, Hannes Snellman, and Magnusson Advise on Marrone Bio Innovations Acquisition of Pro Farm Technologies

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Ellex Raidla and Hannes Snellman have advised Marrone Bio Innovations, Inc. on its USD 31.8 million acquisition of Pro Farm Technologies Oy. The Magnusson Law Firm advised the sellers on the deal.

The transaction closed on September 13, 2019. As a result of the acquisition, Pro Farm became a wholly-owned subsidiary of Marrone Bio.

Pro Farm Technologies Oy, a Finnish agriculture technology company supplying nutrient and bio-stimulant technology and products, is a parent company of Estonia's Pro Farm OU.

Marrone Bio Innovations focuses on the discovery, development, and sale of biological products for crop protection, plant health, and waterway systems treatment. MBI’s commercial products include Regalia, Stargus, Grandevo, Venerate, Majestene, Haven and Amplitude, Zelto and Zequanox.

The Ellex Raidla team providing advice on Estonian matters consisted of Partner Risto Vahimets, Counsels Dmitri Rozenblat and Eneken Tikk, and Senior Associates Karl-Erich Trisberg, Kaisa Laidvee, and Reet Saks.

The Hannes Snellman team advising on Finnish matters included Partners Tuire Kuronen, Antti Alanko, Heikki Vesikansa, and Panu Siitonen, Specialist Partners Johanna Haltia-Tapio and Klaus Metsa-Simola, Senior Associates Riikka Kuha, Johan Hagerstrom, Heidi Karki, and Noora Britschgi, and Associates Tero Pikkarainen, Matias Moberg, Pauliina Sutinen, Beata-Maria Pippingskold, and Silja Kanerva.

The Magnusson team consisted of Advocate Jaanus Magi and Associate Ketlin Peterson.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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