July 6th, 2023 – Vivien & Associés advises InVivo Group and its subsidiary Malteries Soufflet on the acquisition of United Malt Group Limited
Vivien & Associés assisted InVivo Group and its subsidiary Malteries Soufflet, the second largest operator in the global malt industry, in signing a Scheme Implementation Deed (SID) to acquire the shares of United Malt Group Limited (United Malt), a company listed on the Australian Securities Exchange (ASX) and the world’s fourth largest malt producer.
This SID entered into between Malteries Soufflet and United Malt follows Malteries Soufflet’s announcement on March 28, 2023 that it had made a non-binding, indicative and conditional proposal to acquire all of United Malt’s shares.
Under the terms of the SID, Malteries Soufflet will acquire, in cash, all of the outstanding shares of United Malt for A$5.00 per share. Implementation of the Scheme is subject to a number of conditions.
As part of this transaction, Malteries Soufflet’s strategic partners – KKR, Bpifrance and the Crédit Agricole Group – will also reinvest in the company to fund the acquisition and help accelerate the company’s global growth plans.
Upon implementation of the Scheme, United Malt will become a wholly-owned subsidiary of Malteries Soufflet.
InVivo group and Malteries Soufflet are advised by Vivien & Associés with Judith Fargeot (partner), Chloé Canal (associate), Alexia Morlier (associate) and Simon Salter (consultant) on corporate aspects, and Marine Pelletier-Capes (partner) on tax law aspects, as well as by Aramis on competition law aspects and Willkie Farr & Gallagher on financial aspects. Allens was involved in Australian law, with Andrew Pascoe (partner) and Charles Ashton (partner).