Neoalgae Acquired by Dispro in Strategic Industry Move
Deal News | Feb 07, 2025 | Iberian Lawyer
Neoalgae, a pioneering company in the microalgae industry from Asturias, is well recognized for its innovation in producing ingredients for cosmetics, nutraceuticals, and pharmaceuticals. It operates under eight commercial brands and holds several international awards, highlighting its prominence in these sectors. Neoalgae has recently been acquired by Dispro Invest, a holding company known for its diverse portfolio that includes Disproquima, ExpaFruit, and Igh Flavours & Technology. The acquisition was facilitated by Ontier, who has provided legal consultation with a multidisciplinary team led by expert corporate lawyer Ignacio Arce Orejas and supported by lawyers Pelayo García-Bernardo Albornoz and Laura Zaldívar Lobato. This acquisition signifies a strategic enhancement of Dispro Invest's operations and presence within the microalgae product market.
Sectors
- Microalgae Biotechnology
- Legal Advisory
- Corporate Finance
Geography
- Spain – Neoalgae was founded in Asturias, Spain, and Ontier's legal team involved in the sale are based in Oviedo, Spain.
Industry
- Microalgae Biotechnology – Neoalgae operates within the microalgae biotechnology industry, specializing in innovation and manufacturing of microalgae-based products for cosmetics, nutraceuticals, and pharmaceuticals.
- Legal Advisory – Ontier provided legal advisory services for the transaction between Neoalgae and Dispro Invest.
- Corporate Finance – The acquisition of Neoalgae by Dispro Invest involves corporate finance transaction elements as facilitated by Ontier.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Neoalgae | Target Company | Company | An innovative company in the microalgae sector based in Asturias, Spain. |
| Dispro Invest | Bidding Company | Company | A holding company with a diverse portfolio, including the multinational Disproquima. |
| Ontier | Legal Advisor | Company | Provided legal advice for the sale of Neoalgae to Dispro Invest. |
| Ignacio Arce Orejas | Lead Legal Advisor | Person | Senior corporate & M&A lawyer at Ontier in Oviedo, Spain. |
| Pelayo García-Bernardo Albornoz | Senior Lawyer | Person | Senior lawyer at Ontier involved in the Neoalgae transaction. |
| Laura Zaldívar Lobato | Junior Lawyer | Person | Junior lawyer at Ontier involved in the Neoalgae transaction. |