Press Release

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.

Read the London Stock Exchange Announcement

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.