WKB lawyers advised Orkla ASA in Polish aspects of a transaction involving the acquisition of a strategic partner for Orkla Food Ingredients AS – a capital group operating in the production and distribution of a wide range of semi-finished food products. The main legal advisor to Orkla ASA was the law firm Advokatfirmaet Wiersholm AS. The partner selected during the process, i.e. Rhône, acquired 40% of shares in Orkla Food Ingredients AS based on the valuation of Orkla Food Ingredients AS at approximately NOK 15.5 billion (approximately PLN 5.8 billion).
WKB provided Orkla ASA with legal support in the Polish aspects of the investment process, assisting in vendor due diligence, as well as coordinating the Polish aspects of the transaction documentation.
The WKB transaction team advising on the process included Jakub Jędrzejak and Sebastian Woźniak, supported by a number of lawyers from other departments cooperating in the vendor due diligence process: Wojciech Kulczyk, Mateusz Malinowski, Marcin Lorenc, Ryszard Rutkowski, Aleksander Zieliński, Klaudia Radwańska, Małgorzata Skórska, Agata Miętek PhD, Paulina Wolszczak, Marika Olczykowska, Maciej Gniewosz, Joanna Staroszczyk, Katarzyna Wójcikowska, Piotr Gajek, Piotr Popielarski, Tomasz Feliszewski, Martyna Jarosik, Marta Czarnecka, and Magdalena Zielińska.
The transaction is expected to close by the end of the first quarter of 2024, subject to meeting typical closing conditions, including obtaining approvals from relevant administrative authorities.
Orkla ASA is a leading company in the industrial sector, including areas such as paints and coatings, food, sweets, and snacks.
Rhône is a global private equity firm focusing on investments in global enterprises. Rhône’s investment philosophy includes developing strong, strategic partnerships with the companies in which it invests.