IFF’s Sale of Flavor Specialty Ingredients Business to Exponent
February 16, 2023
On February 16, 2023, IFF, an industry leader in food, beverage, scent, health and biosciences, science and creativity, announced it has entered into an agreement to sell its Flavor Specialty Ingredients (“FSI”) business to Exponent, a leading UK‑based private equity firm, for $220 million in cash proceeds. FSI reports through IFF’s Scent division and is a leading manufacturer of synthetic and natural base aroma chemicals used in the flavor market. Cravath is representing IFF in connection with the transaction.
The Cravath team is led by partners Thomas E. Dunn and Matthew L. Ploszek and includes associates Adam M. Sanchez, Saagar Kaul, Gary R. Uter and William N. Hall on M&A matters; partner Lauren Angelilli and associate Carlos Nicholas Obando on tax matters; partner Eric W. Hilfers, senior attorney Sarah W. Colangelo and associate Tiffany B. Wong on executive compensation and benefits matters; partner Sasha Rosenthal‑Larrea and associates Carys J. Webb and Daniel M. Barabander on intellectual property matters; senior attorney Joyce Law and practice area attorney Lauren Piechocki on real estate matters; and senior attorney Annmarie M. Terraciano on environmental matters. Anthony J. Grisafi also worked on tax matters and Star S. Gulant also worked on environmental matters.
Related Practices & Industries
People
- Photo
-
-
J.D., 1992, Duke Law Schoolsumma cum laude
-
B.A., 1987, The College of William & Mary
- New York
Education
Admitted In
- Photo
-
-
J.D., 2014, University of Pennsylvania Law Schoolcum laude
-
M.B.A., 2014, The Wharton School of the University of PennsylvaniaGraduation with Honors
-
B.A., 2007, University of Notre DamePhi Beta Kappa, summa cum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 2016, Columbia Law School
-
B.A., 2013, St. John's University
- New York
Education
Admitted In
-
J.D., 2000, Harvard Law Schoolcum laude
-
B.S., 1996, The Wharton School of the University of Pennsylvaniamagna cum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 1998, University of Chicago Law Schoolwith Honors
-
A.B., 1995, Princeton University
- New York
Education
Admitted In
- Photo
-
-
J.D., 2010, Columbia Law SchoolHarlan Fiske Stone Scholar
-
A.B., 2007, Brown University
- New York
Education
Admitted In
- Photo
-
-
J.D., 2014, Georgetown University Law CenterOrder of the Coif, magna cum laude
-
B.A., 2007, Duke UniversityPhi Beta Kappa, summa cum laude
- New York
Education
Admitted In
-
J.D., 2017, Columbia Law School
-
M.B.A., 2017, Columbia College
-
A.B., 2012, Dartmouth Collegecum laude
- New York
Education
Admitted In
-
J.D., 1997, Boston University School of Law
-
B.Comm., 1994, University of AlbertaDistinction
- New York
Education
Admitted In
- Photo
-
-
J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
-
M.S., 1994, University of Wisconsin - Madison
-
B.A., 1989, Wellesley Collegecum laude
- New York
Education
Admitted In
- Title
- Practice Area Attorney
- lpiechocki@cravath.com
- Phone
- +1-212-474-1875
- vCard
- Download vCard
-
J.D., 2012, Hofstra University School of Law
-
B.A., 2005, Syracuse UniversityDean's Scholar Maxwell Citizen Education Conference Scholar, cum laude
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
February 09, 2023
IBM’s Acquisition of StepZen
On February 8, 2023, IBM announced the acquisition of StepZen Inc, which developed a GraphQL server with a unique architecture that helps developers build GraphQL APIs quickly and with less code. Cravath is representing IBM in connection with the transaction.
Deals & Cases
February 06, 2023
RedHill’s Agreement with HealthCare Royalty to Extinguish its Debt Obligations in Exchange for Movantik®
On February 6, 2023, RedHill Biopharma Ltd. (“RedHill”), a specialty biopharmaceutical company, announced the extinguishment of all RedHill’s debt obligations (including all principal, interest, revenue interest, prepayment premiums and exit fees) under the Credit Agreement between RedHill’s U.S. subsidiary RedHill Biopharma Inc. and HealthCare Royalty (“HCR”) dated February 23, 2020 (as amended) in exchange for the transfer of its rights in Movantik® (naloxegol) to Movantik Acquisition Co., an affiliate of HCR. Cravath is representing RedHill in connection with the transaction.
Deals & Cases
February 02, 2023
FS Investments’ Combination with Portfolio Advisors, Creating $73 Billion Alternative Investment Firm
On February 2, 2023, FS Investments, a pioneer in the democratization of alternative investments with more than $35 billion in assets under management, and Portfolio Advisors, a global middle‑market private asset specialist with more than $38 billion in assets under management, announced they have entered into a definitive agreement to combine their firms. The combined company will be poised for growth with over $73 billion in assets under management, including a significant permanent capital base, and a robust distribution platform. Cravath is representing FS Investments in connection with the transaction.
Deals & Cases
January 25, 2023
WiseTech Global’s Acquisition of Envase Technologies
On January 24, 2023, WiseTech Global, developer of leading logistics execution software CargoWise, announced its acquisition of Envase Technologies (“Envase”), a leading provider of transport management system software for intermodal trucking, drayage (container haulage) and landside logistics in North America, in a transaction valued at $230 million. Envase is being acquired from private investment firm and supply chain investor Firmament, and a small number of other sellers. Cravath is representing WiseTech Global in connection with the transaction.
