Client Requirement: The client intends to buy 100% of the outstanding shares of a company dedicated to the business of selling and distributing agrichemical products, nutrition products, biological products and seeds in Peru.
Our Participation: We are currently advising the buyer in the negotiation of the SPA, ancillary documents, and in the updating due diligence process. In addition, our advisory in this opportunity includes the validation if this deal is subject to any pre-merger authorization before the Peruvian Antitrust Authority (Indecopi).
Deal Challenges: The Buyer is acquiring a business unit which shall be accurately transferred to the target company before closing of the transaction. Therefore, the idea is to buy an ongoing business in the Target company at closing. There are several internal processes that shall occur simultaneously or before closing in order to complete the condition precedents for closing of the transaction. In addition, there are several services agreements being negotiated between the parties since the Sellers will continue providing its services related to the transferred business. The relation between the parties will remain for at least five more years after closing of the transaction.
