Firmenich to acquire Drt from Ardian: the advisors

Firmenich, the Switzerland-based manufacturer of fragrances and flavors, announced to enter into exclusivity with Ardian (an independent private investment company), Tikehau Capital (France-based listed multi-asset manager firm) and family shareholders to acquire Les Dérivés Résiniques et Terpéniques (Drt), a France-based company engaged in the development of gum rosin and turpentine extracted from pine resin. The transaction will enable both the companies to work together, since Drt is already a supplier of Firmenich and thus, exploit the natural synergy between them.

Latham & Watkins acted as legal advisor to Ardian. The team included partners Gaëtan Gianasso and Alexander Crosthwaite (both corporate). White & Case acted as well as legal advisors to Ardian. The team included partner Saam Golshani (pictured) and counsel Julien Bensaid (both corporate).

Bredin Prat acted as legal advisor to Firmenich. The team included partner Alexander Blackburn and counsel Thomas Priolet (both corporate).

Orrick Rambaud Martel and Jeausserand Audouard advised Drt.