Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

International hydroponic business sold

Piper Alderman has advised an international hydroponic business on its sale to Scotts Miracle-Gro/Hawthorne Gardening.

user iconEmma Musgrave 30 May 2022 Big Law
Simon Venus
expand image

Firm: Piper Alderman (Cyco Nutrients); Undisclosed (Scotts Miracle-Gro/Hawthorne Gardening)

Deal: Cyco Nutrients has been acquired by Scotts Miracle-Gro/Hawthorne Gardening.

Value: US$34 million (plus contingent US$10 million)


Area: M&A

Key players: The Piper Alderman team was led by commercial partner Simon Venus, who was supported by senior associate Adela Sajevic, lawyers Daniel Shizas and law clerk Monique Blight.

Deal significance: Cyco Nutrients is described as 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, a statement from Piper Alderman noted.

Commenting on the transaction, Piper Alderman lead partner 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.”

Meanwhile, 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.”