Piper Alderman advises on international hydroponic business sale
National law firm, Piper Alderman, has advised Cyco Nutrients on the US$34 million (plus contingent US$10m) sale to Scotts Miracle-Gro / Hawthorne Gardening Co (NSYE:SMG).
Cyco is a premium brand of hydroponic nutrients, plant additives and growing media used by commercial and domestic growers around the world. The business has grown from an Australian start-up to a global brand with an international footprint and global sales and distribution network.
Cyco’s founder Shaun Jones said:
“Simon and his team showed great dedication to this cross-border deal to get it across the line. Working with counterparts in New York and across the US, they stayed focused on a client outcome and I am very pleased with the results, their culture of service and attention to detail.”
The Piper Alderman team, led by corporate partner, Simon Venus advised Cyco on all stages of the transaction from term sheet, due diligence program and transaction documentation to financial close.
Simon was supported by senior associate, Adela Sajevic; lawyers, Daniel Shizas and Gemma Munday, and law clerk, Monique Blight.
Commenting on the transaction, Simon Venus said:
“It was a pleasure working with the team at Cyco Nutrients and I thank them for entrusting us to act on the sale. The whole sell-side deal team collaborated over months of hard work to achieve a result.”
Related media coverage
- International hydroponic business sold – Lawyers Weekly, 29 May 2022
- Scotts Miracle-Gro’s US$34 Million Acquisition of Cyco Nutrients – Global Legal Chronicle, 10 May 2022