Verisem Acquires Blumen Vegetable Seeds Division
Deal News | Feb 11, 2025 | Legal Community Italy
Verisem, with guidance from Freshfields, has successfully acquired the professional vegetable seeds division of Blumen Group, including critical intellectual property rights, brands such as Olter and Four, and the valuable genetic resources developed by the company. This acquisition also encompasses the associated personnel of the division. The comprehensive legal orchestration from Freshfields involved specialists across corporate, finance, real estate, labor, antitrust, and tax aspects. Verisem's CFO, Stefano Loreni, led the internal deal team. Ey and Clifford Chance provided legal assistance to Blumen Group, focusing respectively on corporate and labor issues, and antitrust and golden power considerations.
Sectors
- Agribusiness
- Legal Services
Geography
- Italy – The transaction involves companies and legal teams operating in Italy, indicating localized business activities within the country.
Industry
- Agribusiness – The acquisition involved a division focused on professional vegetable seeds, integral to the agribusiness sector.
- Legal Services – Numerous legal firms were involved in facilitating the acquisition, highlighting significant legal advisory services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Verisem | Bidding Company | Company | Acquirer of the Blumen Vegetable Seeds division. |
| Blumen Group | Selling Company | Company | Seller of the professional vegetable seeds division. |
| Freshfields | Legal Advisor | Company | Provided comprehensive legal services to Verisem during the acquisition. |
| Ey Studio Legale Tributario | Legal Advisor | Company | Advised Blumen Group on corporate and labor aspects during the transaction. |
| Clifford Chance | Legal Advisor | Company | Assisted Blumen Group with antitrust and golden power issues related to the acquisition. |