Kirkland Advises J.M. Huber Corporation on Sale of CP Kelco to Tate & Lyle

Kirkland & Ellis is advising J.M. Huber Corporation on the sale of the entire issued share capital of CP Kelco U.S.; CP Kelco China; and CP Kelco ApS together with each of their respective subsidiaries (together 'CP Kelco') to Tate & Lyle for a total implied consideration of $1.8 billion (approximately £1.4 billion), on a cash-free, debt-free basis. The proposed transaction is expected to complete in Q4 2024.

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The Kirkland team is led by corporate partners Keir MacLennan, Irfan Ahmed, Rachael Coffey and Francesca Storey-Harris and associates Yoana Georgieva, Aseda Ghartey-Tagoe, Eve Salamon, Vera Wang, Sher Lin Wong and Saurav Zangeneh; debt finance partners Layton Bell, Kirsteen Nicol and Tom Roberts; tax partners Sara Zablotney, Mavnick Nerwal, Anthony Antioch and Timothy Campany and associates Bryan Leighton and Brittany Nguyen; technology & IP transactions partners Emma Flett, Max Harris, Aaron Lorber, Jeffrey Seroogy; environmental transactions partner Michael Saretsky and associate Gabe Almario; executive compensation partners Karsten Busby and Michael Krasnovsky; employee benefits partner Chris Chase and associate Annika Morin and employment & labor partner Jackie Heffernan.