Greenberg Traurig acted as sell-side advisor on the sale of German biotechnology company Targenomix GmbH to a Bayer AG group. Targenomix explores new mechanisms for crop protection solutions through novel biology and bioinformatics techniques. Bayer and Targenomix have been working together since 2014. Targenomix said it will continue to develop effective active ingredients to protect crops from weeds, diseases, and insects with Bayer as a strategic research partner.
Greenberg Traurig's Mergers and Acquisitions (M&A) lawyers provided comprehensive sell-side advice on all relevant legal issues of the transaction including intellectual property matters. The parties agreed not to disclose the purchase price.
Background:
The members of Greenberg Traurig's M&A team who focus on life sciences have recently advised on a number of relevant transactions in this area. The contact to the owner of Targenomix was established through a recommendation from a source in the market.