Thomson Snell & Passmore advises global tea giant on strategic international acquisition.
Borelli Tea Holdings Ltd, a UK subsidiary of a major publically listed tea company expands its global operations in Rwanda with the help of the corporate team at Thomson Snell & Passmore.
The acquisition is a strategic addition to the group’s existing global operations, and will reinforce the group’s status as the world’s largest tea producer.
The target, a tea estate with approximately 70 hectares of plantable land, has the capacity to produce around 2.4 million kilograms of tea per year. Due to the garden’s high altitude it produces some of the finest quality crush, tear and curl (CTC) tea in the world.
The deal demonstrates the group’s long term commitment to invest in Rwanda and strengthens its position in light of a previous acquisition in 2011.
We advised on the UK aspects of the international acquisition and also provided support to the client’s overseas advisors. The Thomson Snell & Passmore core team comprised Joanne Gallagher (Partner), Krishen Patel (Solicitor) and Faye Cook (Trainee Solicitor) of the firm’s Corporate and Commercial team. Commenting on the acquisition, Krishen Patel, leading the majority of the negotiations and advising throughout the transaction, said:
We are absolutely delighted to have advised on the UK aspects of this transaction, and steer the deal to completion. This was a complex transaction owing to the international elements as well as the challenging legal landscape in Rwanda. We look forward to seeing our client continue to grow globally and working with them again in the future.