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Hengeler Mueller advises Bayer on the sale of its Environmental Science Professional Business to Cinven | Hengeler Mueller News

Hengeler Mueller advises Bayer on the sale of its Environmental Science Professional Business to Cinven

Bayer has entered into a definitive agreement on the sale of its Environmental Science Professional Business to international private equity firm Cinven for a purchase price of USD 2.6 billion (EUR 2.4 billion).

Headquartered in Cary, North Carolina, USA, the Environmental Science Professional Business 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. The transaction is expected to close following completion of the carve-out in the second half of this year, subject to customary closing conditions.

Hengeler Mueller advises Bayer on the transaction. The team is led by partners Matthias Hentzen and Martin Ulbrich (both Corporate/M&A, Düsseldorf) and includes partners Christian Wentrup (Corporate), Wolfgang Kellenter (IP/IT) (both Düsseldorf), Matthias Scheifele, Gunther Wagner (both Tax, Munich), Christian Hoefs (Employment, Frankfurt), Thorsten Mäger (Antitrust, Düsseldorf), Henning Hilke (Financing, Frankfurt) and Dirk Uwer (Public Law/Regulatory, Düsseldorf), counsel Patrick Wilkening (IP/IT), Stefanie Budde, Anja Balitzki (both Antitrust) (all Düsseldorf), Christian Häußer (Employment) and Marius Marx (Tax) (both Frankfurt) as well as associates Theresa Lauterbach, Richard Suermann, Okan Isikay, Tim Fabian Walter, Barbara Boytinck (all Corporate/M&A), Kim Josefine Weisser (IP/IT) (all Düsseldorf), Tobias Schwab (Tax, Munich), Andreas Kaletsch (Employment, Frankfurt) and Frederic Geber (Public Law/Regulatory, Düsseldorf).

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