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.