Ashurst advises on £32.8m takeover of Plant Health Care plc

Global law firm Ashurst is advising Zeus Capital Limited on the £32.8m takeover of Plant Health Care plc (PHC) by PI Industries Limited (PI Industries). Zeus Capital Limited is acting as financial adviser to PI Industries.

PI Industries has held a leading position in the agricultural inputs industry for over 60 years and benefits from its presence across the complete value chain from product innovation to process development, and large-scale manufacturing to distribution. It has a strong legacy of market-leading brands that bring value-added offerings to millions of farmers and retailers in India and has a number of global partnerships in the agricultural inputs market.

PHC is a leading peptide company in the agricultural industry, with innovative technology and enhanced manufacturing capabilities. PI Industries acknowledges PHC's expertise in molecular biology, strain engineering, protein and peptide design, engineering optimisation through fermentation, bioactivity assay, and analytical capabilities. The Acquisition of PHC will enable PI Industries to offer a balanced portfolio of chemical and biological solutions and represents an attractive opportunity to scale up PHC's existing portfolio of novel biocontrol and biostimulant products and pipeline.

The Ashurst team was led by partners Tom Mercer and Tim Rennie with senior associate Maria Alister and associate Patrick Chambers.