London team advises J.P. Morgan Cazenove and PwC on SARIA’s £540m bid for Devro

Global law firm Norton Rose Fulbright is advising J.P. Morgan Cazenove and PwC, each of which is acting as financial adviser to SARIA group on its £540m recommended cash offer for food manufacturer Devro plc (Devro).

Devro is one of the leading global suppliers of collagen-based edible films and coatings. With over 85 years’ experience in collagen casings, Devro’s products are used globally in the production of a wide variety of meat products, particularly sausages. Devro has a global footprint employing nearly 2,000 people, with seven main production facilities in Australia, China, the Netherlands, the Czech Republic, Scotland and the United States. 

SARIA group is one of four completely independently run and ringfenced divisions of the RETHMANN group. RETHMANN is one of the largest private companies in Europe and is wholly-owned by members of the Rethmann family.

The Norton Rose Fulbright team is being led by Nicolas Sirtoli, alongside banking partner James Dunnett, with support from corporate associate Seamus Connelly and banking counsels Sunny Wong and Peter Weiland.

The firm’s corporate, M&A and securities practice advises corporations and financial institutions across the full spectrum of industry matters including private M&A, public takeovers, joint ventures, disposals, debt and equity capital markets, governance, general commercial and corporate advisory matters.