American Industrial Partners Acquires AGCO Corp.'s Grain & Protein Division
Deal News | Nov 07, 2024 | Ropes & Gray
Ropes & Gray has successfully guided American Industrial Partners (AIP) through the debt financing phase of their acquisition of AGCO Corporation's Grain & Protein division. With a portfolio managing $16 billion in assets, AIP is known for its concentrated investments in industrial sectors including aerospace, automotive, and chemicals. AGCO Corp.'s Grain & Protein division, now part of AIP's portfolio, provides innovative solutions for grain storage and seed processing as well as products for managing poultry, swine, and egg production environments globally. The transaction recently culminated in the closing on November 1. The strategic advisory for this acquisition was spearheaded by finance professionals Dan Coyne, Alex Robb, and Stefanie Birkmann, under the guidance of executive compensation partner Allie Alperovich.
Sectors
- Private Equity
- Agriculture Equipment
- Legal Services
Geography
- United States – American Industrial Partners is based in the United States, where the acquisition and financial advisory took place.
Industry
- Private Equity – This industry is relevant as American Industrial Partners, a private equity firm, is acquiring a division of AGCO.
- Agriculture Equipment – AGCO Corp.'s Grain & Protein division, which provides grain storage and seed processing solutions, is central to this industry.
- Legal Services – Ropes & Gray, a legal advisory firm, played a crucial role in guiding the debt financing for the acquisition.
Financials
- Approximately $16 billion – Assets under management by American Industrial Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| American Industrial Partners | Buyer | Company | A private equity firm specializing in industrial investments and managing approximately $16 billion in assets. |
| AGCO Corporation | Selling Company | Company | An agricultural equipment manufacturer selling its Grain & Protein division. |
| Ropes & Gray | Legal Advisor | Company | International law firm providing legal advisory services for the debt financing of the acquisition. |
| Dan Coyne | Finance Partner | Person | Finance partner at Ropes & Gray leading the deal team. |
| Alex Robb | Finance Partner | Person | Finance partner at Ropes & Gray involved in the transaction. |
| Stefanie Birkmann | Finance Partner | Person | Finance partner at Ropes & Gray involved in the transaction. |
| Allie Alperovich | Executive Compensation & Employee Benefits Partner | Person | Partner at Ropes & Gray responsible for executive compensation and employee benefits during the transaction. |