Deloitte Corporate Finance acted as exclusive financial advisor to Rotam Global AgroSciences Limited and its shareholders into an agreement under which Albaugh LLC will acquire all outstanding shares in Rotam through a merger between the holding company of Rotam and an entity in the Albaugh group of companies.
About the transaction
The Deloitte Corporate Finance Advisory team (“Deloitte”) in Frankfurt, led by Moritz Freiherr Schenck (Managing Director) and Marc Schmitz (Director) supported by Felicia Strottmann, successfully advised Rotam Global AgroSciences Limited (the “Company” or “Rotam”), in the process of signing a merger with Albaugh LLC. (“Albaugh”). The parties have agreed on an all-cash transaction with a consideration of NTD 26.23 per share for all issued and outstanding shares in Rotam, representing a 73% premium over the average closing price of Rotam over the past 12 months
The merger with Rotam strengthens Albaugh’s global market position and allows the Company to create a leading global crop protection company with total sales exceeding $2 billion by leveraging Rotam’s broad product portfolio, attractive pipeline of new products and technologies, R&D capabilities, sales operations in all regions of the world as well as gaining a strong manufacturing base throughout North and South America, Europe, India, and China.
Deloitte’s in-depth knowledge of the agricultural and crop protection sector with first-class execution capabilities emphasize its competence to complete a complex and time-critical transaction successfully. Despite the challenges posed by COVID-19 and an international landscape of potential partners, Deloitte provided extensive support during the preparation phase, due diligence phase and contract negotiations, including the communication with and management of relevant stakeholders worldwide, ultimately leading to a favourable outcome for Rotam. Deloitte’s cross-functional setup ensured a highly efficient cross-border transaction, thereby maintaining momentum throughout the transaction.
The transaction has been unanimously approved by the Boards of Albaugh and Rotam and is subject to approval of Rotam’s general shareholders meeting scheduled for February 8, 2022. The merger is expected to close thereafter subject to customary procedures and regulatory approvals.
About Rotam Global AgroSciences Limited
Rotam Global AgroSciences Limited is a public listed company on the Taiwan stock exchange with corporate headquarters in Hong Kong. Rotam works on a global platform yet provides local innovative crop protection solutions to growers across all major markets and crops. State of the art facilities house our research and development in China and India coupled with a well-established field station network in major markets. Regulatory excellence locally and corporately link with a marketing driven portfolio approach supported by manufacturing hubs in China and India
About Deloitte – Corporate Finance Advisory
As leading independent M&A advisors, we provide M&A deal execution and financial advisory services to large and mid-market corporations as well as to private equity firms globally. We offer financial advice and insight at every stage of a transaction – from consideration of strategic options to transaction execution, be it an IPO, acquisition or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.
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