Global law firm Dentons has advised private equity fund Cornerstone Investment Management (formerly Cornerstone Partners) on financing its acquisition of 100% of the shares in the Dutch company Greenyard Prepared Netherlands from the Belgian company Greenyard.

Greenyard Prepared Netherlands is the owner of the cultured mushroom processing brand, Lutèce.

The joint project will represent a long-term co-operation among Cornerstone Investment Management, investment firm Kartesia and Polish mushroom producer Okechamp S.A., which will provide €80 million in financing for the development of a Polish-Dutch food holding company. The plans include product innovation, including the production of protein concentrates and various types of cultivated mushrooms to be used in vegan food products.

The multi-stage transaction involved entities from four countries. Partner Bartosz Nojek supervised the cross-border project, which was executed by Tomasz Zwoliński (managing counsel) and Katarzyna Mazur (associate), with support from Katarzyna Kaptur (associate) from the Banking and Finance team in Warsaw. The team also included Marcel Janssen (partner), Shivaughn Tets (associate) and Daan Overwater (associate) in Amsterdam and Stephane Hadet(partner), Christophe Renaudin (senior associate) and Yifan Zhang (associate) in Luxembourg.

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