Freshfields Bruckhaus Deringer has advised XIO Group on the sale of 100% of the shares of Compo Expert GmbH to Grupa Azoty S.A. The buyers were advised by PwC Poland and CMS Germany.
The closing of the transaction is subject to certain conditions such as approval from merger control authorities and approval from Grupa Azoty's shareholders.
CMS reports that the purchase price will not be higher than EUR 235 million.
Compo Expert is a manufacturer of specialty fertilizers for commercial use. The company owns and operates in Germany and Spain, and sells its products to customers across the world.
Grupa Azoty operates in the European fertilizer and chemical industry. The company is a European manufacturer of nitrogenous and compound fertilizers in the European Union. Additionally, the company produces melamine, caprolactam, polyamide, plasticizers, OXO alcohols, and titanium white, which are widely used across numerous industries.
The Freshfields team consisted of German Partners Heiner Braun, Markus Paul, Michael Josenhans, Wolrad Prinz zu Waldeck und Pyrmont, Michael Ramb, and Martin Schiessl, and Principle Associates Moritz Koch and Roman Eschke. The team also included Brussels-based Partner Sascha Schubert and Madrid-based Associate Guillermo Sanchez-Ostiz.
The PwC team in Poland consisted of Partners Wojciech Slowinski, Jolanta Kokosinska, and Rafal Drobka, and Senior Associate Tomasz Dziubak.
The CMS team was led by Berlin-based Partners Ralf Kurney and Igor Stenzel.