OAT Agrio Co., Ltd. signed a stock acquisition agreement to acquire Chrysal International B.V. from NORDIAN FUND IIA COÖPERATIEF U.A. and other minority shareholders (management of Chrysal) for €61.5 million.
November 18, 2018
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OAT Agrio Co., Ltd. (TSE:4979) signed a stock acquisition agreement to acquire Chrysal International B.V. from NORDIAN FUND IIA COÖPERATIEF U.A. and other minority shareholders (management of Chrysal) for €61.5 million on November 19, 2018. Under the terms, OAT will acquire 0.98 million shares, representing 100% stake in Chrysal. Nordian will sell off its 76% stake while the minority shareholders will sell their 24% stake in Chrysal. Chrysal had revenues of €50 million, operating profit of €4 million, net profit of €2.4 million and total assets worth €50.3 million in 2017. The Chrysal management team will remain in place. All 231 employees will also join OAT post-closing. The transaction is subject to approval by the relevant competition authorities. Closing is expected in the middle of December 2018. William Blair & Company, L.L.C. and BDA Partners acted as the financial advisor to Nordian Capital in the transaction. Dorsey & Whitney LLP acted as legal advisor to OAT Agrio Co., Ltd. KPMG International Cooperative and KPMG AZSA LLC acted as due diligence provider to OAT Agrio Co., Ltd.
OAT Agrio Co., Ltd. is a Japan-based company primarily engaged in the manufacture and sale of fertilizers and pesticides. The Company primarily provides insecticides, including benfuracarb, sodium oleate, alanycarb, tolfenpyrad, cyflumetofen, crystal toxin producing bacillus thuringiensis bacteria and propylene glycol esters of fatty acids; fungicides, including flutianil, oxpoconazole fumarate, potassium hydrogen carbonate and calcium polysulfide; herbicides, such as cyanate, as well as plant growth regulators, among others.
OAT Agrio Co., Ltd. signed a stock acquisition agreement to acquire Chrysal International B.V. from NORDIAN FUND IIA COÖPERATIEF U.A. and other minority shareholders (management of Chrysal) for €61.5 million.
OAT AGRIO CO., LTD. 
