Clifford Chance has advised private equity fund Cornerstone Investment Management on the establishment of a food-producing joint venture with Kartesia and Okechamp, through its acquisition of Greenyard Prepared Netherlands from Greenyard. Dentons and Linklaters also advised CIM on financing and antitrust aspects of the deal, respectively. Filipiak Babicz advised Okechamp and Stibbe advised Kartesia. Allen & Overy reportedly advised Greenyard.
According to Dentons, “the joint project will represent a long-term co-operation [between] Cornerstone Investment Management, investment firm Kartesia and Polish mushroom producer Okechamp S.A., which will provide EUR 80 million in financing for the development of the Polish-Dutch food holding company.” According to the firm, the joint venture will produce protein concentrates and various types of cultivated mushrooms to be used in vegan food products.
Clifford Chance’s team consisted of Partner Wojciech Polz and Associates Karol Kulhawik, Marta Matynia, Zuzanna Potoczna, Michal Besciak, and Aleksander Ostafil.
The Dentons team included Warsaw-based Partner Bartosz Nojek, Managing Counsel Tomasz Zwolinski, and Associates Katarzyna Mazur and Katarzyna Kaptur, among others.
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.