Düsseldorf – An international team led by CMS Germany advised the SARIA Group (SARIA) on the public takeover of the global Devro Group (Devro). SARIA is a service provider and manufacturer of quality products based on animal and organic materials for the agricultural, energy, animal feed, food, catering and pharmaceutical industries. Devro is regarded as a world-leading producer of collagen-based sausage casings and similar products. The company is listed on the London Stock Exchange. SARIA intends to use the acquisition to accelerate growth in key markets by extending its product range and scaling up its operations, and also to strengthen its own market position. The purchase price offered for all the Devro shares is around GBP 540 million (approximately EUR 625 million). The deal is scheduled to complete in the second half of 2023, subject to the approval of Devro’s shareholders and the competition authorities.
A broad-based international CMS team headed by lead partner Dr Dirk Jannott and lead counsel Katharina Franitza provided SARIA with legal advice on the transaction and coordinated the cross-border legal due diligence. In addition to international CMS teams from the UK, the Czech Republic, the Netherlands, China and Hong Kong, law firms from the US, Australia, New Zealand, Russia and Japan were also involved.
CMS Germany
Dr Dirk Jannott, Lead Partner, Düsseldorf
Dr Richard Mayer-Uellner, Partner, Cologne
Katharina Mareike Franitza, Lead Counsel, Düsseldorf
Jan Lukas Hölscher, Senior Associate, Düsseldorf
Julia Hellberg, Coordinating Legal Consultant, Düsseldorf, all Corporate/M&A
CMS UK
Frank Fowlie, Partner
Matthew McGuire, Trainee Solicitor
CMS Czech Republic
Helen Rodwell, Partner
Lukas Reichmann, Associate
CMS Netherlands
Pieter Duijvenvoorde, Partner
Robert Jong, Associate
CMS China
Dr Ulrike Glück, Partner
Kevin Wang, Principal Counsel
CMS Hong Kong
Shirley Lau, Partner
Ignatius Seu, Senior Associate
Alston & Bird, USA
James Sullivan, Partner
Matthew Strump, Senior Associate
MinterEllison, Australia
Con Boulougouris, Partner
Dean Zinn, Senior Associate
Hesketh Henry, New Zealand
Erich Bachmann, Partner
Julika Wahlmann-Smith, Senior Associate
SEAMLESS Legal, Russia
Christophe Huet, Partner
City-Yuwa Partners, Japan
Akira Nagasaki, Partner
Press Contact
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