The logo of Japanese trading company Mitsui & Co. is seen in Tokyo, Japan, January 10, 2018. REUTERS/Toru Hanai/


Clifford Chance has advised Japanese trading house Mitsui on its $472.5 million acquisition of a 70 percent stake in food constituent manufacturer Nutrinova Netherlands from Celanese, which was represented by Shearman & Sterling.

Nutrinova manufactures and sells functional ingredients for the production of low-calorie and low-carb foods. The transaction, scheduled to close by the end of March 2024, is expected to help Mitsui expand its health-related business amid the global trend of physical wellbeing, Nikkei reported.

The Clifford Chance team was led by partner Natsuko Sugihara, who was supported by partners Benjamin Sibbett, Matthew Warner, Jeroen Thijssen, Michiel Sunderman, Gunnar Sachs, Ines Keitel, Dimitri Slobodenjuk and Thomas Voland.


Related Articles

East & Concord HK firm makes M&A hire from Akin Beijing

by Charlie Wu 吴卓言 |

Yang & Yang Solicitors, PRC law firm East & Concord Partners’ Hong Kong association firm, has added M&A expert Dennis Yeung as a partner from the Beijing office of Akin Gump Strauss Hauer & Feld, which closed recently.

Yulchon taps Yoon & Yang for four-partner M&A team

by Nimitt Dixit |

South Korean Big Six firm Yulchon has continued its recent expansion by poaching four seasoned M&A partners from Yoon & Yang. The quartet includes Sung-Jin Kim, the former head of the M&A practice at Yoon & Yang, along with Kayoung Kim, Hyerim Kang, and Junghwan Lee.

Vietnam’s Asia Counsel forms European alliance, hires partner from rival

by Nimitt Dixit |

Vietnamese boutique Asia Counsel has announced that it has entered into an alliance with European law firm Kinstellar, and also hired M&A veteran Justin Gisz as a partner from local rival Frasers Law Company.