Sidley Represents AIP in Its US$700 Million Acquisition of AGCO’s Grain & Protein Division

Sidley represented industrials investor American Industrial Partners (AIP) in its US$700 million acquisition of the Grain & Protein business of AGCO Corporation (NYSE: AGCO), a large precision agriculture technology and machinery company. The division produces grain storage and seed processing equipment and generates an annual revenue of approximately US$1 billion with 3,200 employees and 14 facilities across North America, Brazil, Europe, and Malaysia. Through this carve-out acquisition, AIP plans to realize synergies across brands and maximize quality, yields, and value of agricultural products while improving global food security.

The Sidley team was led by Justin Macke, John Godfrey, and Christopher Rile (M&A and Private Equity), and includes MK Han, George H. Brooks, Sam E. Hulsey, Alison C. Malkowski, Sarah Kang, Henry Dickinson, Jessica Edwards, Andrew Lecky, and John K. Neal Jr. (M&A and Private Equity); Margaret H. Allen, Ernesto R. Claeyssen, Deepika R. Daggubati, Alyssa A. Hartley, and Erica C. Mellon (Commercial Litigation and Disputes); Eric S. Wolf, Karim S. Pirani, and Joanna Janica (Employee Benefits and Executive Compensation); Maureen M. Crough (Environmental); Jen Fernandez, Christopher Lock, and Heather Hedges (Global Arbitration, Trade and Advocacy); Scott J.F. Goldstein (Insurance); Mike Bettinger (IP Litigation); Peter McCorkell and Alex Down (Labor, Employment and Immigration); Francesca Blythe, Ash Nagdev, Denise Kara, and Matthias Bruynseraede (Privacy and Cybersecurity); Elizabeth K. McCloy, Brandon Bryer, and Margaret Whalen (Real Estate); Christian Brause, Jason Menzies, Eric M. Grosshandler, Tyler J. Combest, and Fraser Tudor (Tax); Dusan Clark and E. Kyle Barnett (Technology and Life Sciences Transactions); Craig Francis Dukin (White Collar Defense and Investigations).