Clifford Chance
Clifford Chance advises Devro on £540 million takeover offer from SARIA
5 December 2022
- David Pudge, Erik O'Connor, Nelson Jung, Nicola Hemsley, Sonia Gilbert, Sarah McAleer, Hywel Robinson, Catherine Freeman, George Holman, Zoe Ram, Michael Rueter, , Simon Corzberg,
- London
Clifford Chance advises Devro on £540 million takeover offer from SARIA
Leading international law firm Clifford Chance has advised longstanding client Devro plc on the recommended takeover offer from a subsidiary undertaking of SARIA SE & CO. KG. The offer values Devro, which is a world leader in the manufacture and sale of edible collagen casings, at approximately £540 million. The takeover will be implemented by way of a scheme of arrangement.
The Clifford Chance team was led out of London by Corporate partners David Pudge and Erik O'Connor with support from Antitrust partner Nelson Jung, Tax partner Nicola Hemsley, Incentives partner Sonia Gilbert and Pensions partners Sarah McAleer and Hywel Robinson. They were assisted by senior associate Catherine Freeman, associates George Holman and Zoe Ram from the Corporate team, with support from Antitrust counsel Michael Rueter, Incentives senior associate Lauren Evans, and Tax VAT director Simon Corzberg and tax associate Sarah Johnson.
