Representing one of the largest and most complex M&A deals presently unfolding regionally, ODI has assisted MHP SE (MHP), a leading international agro-industrial group, in its acquisition of 90.69% of the issued capital, of Perutnina Ptuj, d.d., a Slovenia-seated well-established and vertically integrated company in Southeast Europe. A mandatory takeover bid is expected to follow, with shares held by more than 5,000 individual and institutional shareholders.
The acquisition, in the spotlight due to its size and
negative press coming from MHP’s global competitors, to be followed by preannounced
substantial investments in Perutnina Ptuj d.d.’s production base exceeding EUR
200M, represents MHP’s first takeover of an EU-based company and thus a major
strategic step for MHP, adding value to the company, thus further enhancing its
position as a global player.
ODI, acting as MHP’s counsel, covered the whole transaction span, including the due diligence of the target and its subsidiaries in 4 jurisdictions, share purchase agreement negotiations, merger-clearance-related antitrust services in 4 jurisdictions, and closing activities. ODI team was led by the Managing Partner Uroš Ilić, supported by Partners Branko Ilić (Croatia), Tine Mišic (Competition), Gjorgji Georgievski (Macedonia), and Miloš Čurović (Serbia), with the former also appointed as the new Chairman of the target’s Supervisory Board. ODI team also included Senior Associates Katarina Škrbec, Suzana Bončina Jamšek, Primož Mikolič, and Managing Associate Klemen Kos. MHP’s consortium of advisors additionally included Baker McKenzie (Kyiv), Simkins (London), Covington & Burling (Brussels) and Van Bael & Bellis (Brussels). Schoenherr (Vienna) acted for the sellers and CMS London for ING as MHP’s financial partner.