King & Wood Mallesons (KWM) has advised Compo Investco GmbH, a subsidiary of Kingenta Ecological Engineering Group (Kingenta), on the sale of the COMPO Consumer business to Duke Street.
The transaction is still subject to the customary regulatory approvals. The closing is expected in the course of this year.
COMPO Consumer, headquartered in Münster, Germany, is continental Europe’s leading provider of branded products for plants in home and garden, including potting soils, fertilizers, lawn seeds, pest control and plant protection. The company employs over 700 people with operations across 20 European locations.
Kingenta is a listed company and a leading manufacturer of plant and speciality fertilizers in Asia, employing more than 10,000 people. In 2016, the Chinese group Kingenta was advised by KWM on the acquisition of COMPO Consumer. Since then, KWM has been advising Kingenta and COMPO - also in the run-up to the sale of the COMPO Consumer business.
With the support of KWM and investment advisor Eurasian Consulting, Kingenta identified funds managed by Duke Street, a renowned private equity investor with an investment focus on mid-market Western European companies, as the ideal purchaser.
Advisors to Compo Investco GmbH:
Christian Ostermöller (transaction lead), Dr. Christian Cornett, Hui ZHAO, Julian Buhr (PSL), Heling ZHANG (PSL) (all Corporate/M&A), Rudolf Haas (Finance), Tilman Siebert (Antitrust) (all Frankfurt), Olivier Armand (Corporate/M&A, Brussels), Victoria Ruenes (Corporate/M&A, Madrid), Fausto Caruso (Corporate/M&A, Milan), PAN Zhenhua, DIAO Yongxin, TAN Qiyao (all Corporate/M&A, Beijing), Amy CHAN (Corporate, Hong Kong)