February.01.2018
Orrick advised leading German food group PHW on their investment in Israeli food tech startup Super Meat, which develops artificial meat products.
PHW Group sees the investment as the beginning of a strategic partnership with a focus on research and development, as well as strategic positioning within the European market.
PHW Group is a German producer of poultry specialties, animal nutrition and health products with close to 7,000 employees and revenue of approximately €2.5bn. They are particularly well-known for their market-leading “Wiesenhof” poultry products.
Based in Tel Aviv, Super Meat is a developer of meat derived from cell cultures (in vitro / cultured meat). The startup was founded in late 2015, with initial funding provided through crowdfunding platform Indiegogo.
PHW Group was advised by an Orrick team led by Munich-based M&A and Private Equity partner Jörg Ritter, assisted by partners Peter Rooney (M&A and Private Equity, New York) and Stefan Schultes-Schnitzlein (Tax, Düsseldorf) and senior associate Sebastian Meul (M&A and Private Equity, Munich).