NautaDutilh has assisted Amsterdam Commodities N.V. (Acomo), a trader in food ingredients listed on Euronext Amsterdam on its acquisition of Tradin Organic for a debt and cash free consideration of €330 million. Acomo is an international group with as its principal business the trade and distribution of natural food products and ingredients.Tradin is a leader in the fast-growing global market of organic ingredients and its activities and customers are highly complementary to Acomo. Tradin is active in more than 100 countries worldwide offering a full service, diversified organic product portfolio (including dried products, fruit, cocoa, oils, coffee and premium juice) based on its unique sourcing, processing and distribution capabilities.
In order to finance the transaction, Acomo has refinanced its current facilities and entered into a term loan and equity bridge facilitiy. ING and Rabobank have agreed on an equity volume underwriting commitment in relation to the equity bridge. Acomo's shareholders will be requested during its EGM on 22 December to approve the acquisition of Tradin and to authorize Acomo's board to issue new shares for an amount up to EUR 100 million.
Lieke van der Velden: "At NautaDutilh we are proud and happy to have assisted Acomo on the acquisition of Tradin Organic from SunOpta Inc., and thereby strengthening Acomo's position in the market for organic ingredients. Our capital markets team and financing team also advised on the financing and the equity raise and our competition team is in charge of the competition filings. Through seamless teamwork we have been therefore been able to advise Acomo on all relevant aspects of this transaction."
The NautaDutilh team was led by Lieke van der Velden and consisted of Sybren de Beurs, Joppe Schoute, Christiaan Roeterdink, Mariska Kamta and Eva van Rooijen (Corporate M&A), Antonia Netiv, Sabrina Legerstee and Maaike Lelifeld (Capital Markets), Arjan Pors, Mark den Bleijker and Eefke Janssen (Finance), Mauricette Schaufelli and Lauren Delleman (Competition), Paul van der Bijl, Esther Schreiber and Marloes van der Laan (Corporate notarial), Gijs van Nes, Pieter de Jong, Arjan Koorevaar and Daniël Kuiper (Employment and pensions), Ramon Pop (Real Estate), Micheline Don, Lauren Delleman (IT), Fleur Folmer (IP), Florentine van der Vet and Mirjam von Meijenfeldt (Administrative law) and Terrence Dom, Burcu Yapici (Data Protection) and Nina Kielman (Tax).