Strategic Cross-border Deal
Background
Client was a fertilizer and chemicals company based in India. It wanted to acquire an interest in a pre-production phosphate operation in South America. An auction was being run by the sellers of the interest.
Client was a fertilizer and chemicals company based in India. It wanted to acquire an interest in a pre-production phosphate operation in South America. An auction was being run by the sellers of the interest.
The client required advice on how to maximize its chance of success, and on deal valuation, negotiation and structure.
• Advised the client to approach the sellers in partnership with a Japanese partner
• Advised the client on: due diligence, deal structuring, risk containment, negotiation and valuation
• Conducted negotiations on behalf of the partnership
• Client, together with the Japanese partner, successfully acquired a 30% interest in the project, and entered into a long term “take-or-pay” phosphate offtake arrangement valued at the time in the hundreds of millions of dollars