PwC Legal advises Bayer on the carve-out and subsequent sale of the Environmental Science Professional business to Cinven

March 10, 2022

Düsseldorf, 10th March 2022

A team from PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) advises Bayer AG on the separation and sale of the Environmental Science Professional business unit to the international private equity firm Cinven for a purchase price of 2.6 billion U.S. dollars (2.4 billion euros).

Environmental Science Professional is a global leader offering environmental solutions to control pests, diseases and weeds in non-agricultural areas such as vector control, professional pest management, vegetation management, forestry, and turf and ornamentals. In 2021, the business had approximately 800 employees supporting operations and sales in more than 100 countries. It is headquartered in Cary, North Carolina, USA.

The team led by PwC Legal Partners Dr. Simon Dürr and Dr. Frederic Mirza Khanian has been advising Bayer AG on all aspects relating to the identification of the assets belonging to the Environmental Science unit and their worldwide separation. Dr. Simon Dürr and Dr. Frederic Mirza Khanian are both members of the Global Transformations Team, an initiative of PwC and PwC Legal in which experts from the areas of Tax, Legal, Valuations, Finance and Delivering Deal Value offer comprehensive one-stop support for international reorganization projects. A team led by Dr. Simon Dürr has already been advising Bayer AG since 2018 on the worldwide corporate integration of Monsanto. In 2019/2022, Dr. Frederic Mirza Khanian led the PwC Legal Team worldwide on the global carve-out of the Animal Health business which was divested to the US-based company Elanco.

Advisors to Bayer

PwC Legal:
Dr. Frederic Mirza Khanian, Dr. Simon Dürr (joint lead), Aleksandra Lis-Rychlinska, Matthias Diegelmann, Dr. Arne Pidun, Leire Montero Sánchez, Dr. Johannes Bode, Timm Berlemann, Marc Peisert, Christian König, Maximilian Spiering, Henning Blücher, Kim Pfeffer, Nadine Ries, Sally Trivino, Chirag Oberoi

For further Information please contact:

Nils Philipp
PwC Communications
Tel.: +49 211 981-2128
E-Mail

About PwC Legal:

In today’s rapidly evolving marketplace, our clients are increasingly concerned with business collaborations, restructuring, mergers and acquisitions, financing and questions of social responsibility. They need legal security when dealing with such complex issues. That is why we work closely with PwC’s tax, human resources and finance experts and draw on the resources of our legal network in more than 100 countries to deliver comprehensive advice. Whether a global player, a public body or a wealthy individual, each client can rely on a personal account manager to address his or her specific legal needs. This dedication helps us ensure our client’s long-term business success.

PwC Legal. More than 220 lawyers at 18 locations. Integrated legal advice for the real world.

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Contributors

Dr. Frederic Mirza Khanian

Corporate/M&A

Tel: +49 211 981-2785

Dr. Simon Dürr

Corporate/M&A

Tel: +49 69 9585-2247

Matthias A. Diegelmann

Corporate/M&A

Tel: +49 69 9585-6993

Dr. Arne Pidun

Corporate/M&A

Tel: +49 211 981-5557

Marc  Peisert

Corporate/M&A

Tel: +49 211 981-7666