find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Chinese berry joint venture negotiated

Chinese berry joint venture negotiated

Shannon Finch

Two firms have advised on a joint venture between US-based Driscoll’s and Australian horticulture business Costa Group.

Firms: King & Wood Mallesons (Costa Group); Davis Wright Tremaine LLP (Driscoll’s)

Deal: Costa Group established a joint venture with Driscoll's to create a berry production company operating in China.

Value: Confidential

Area: M&A   

Key players: The cross-border KWM team was led by Sydney-based partner Shannon Finch, supported by senior associates Anthony Boogert and Henrik Moritz. KWM’s Shanghai team was led by partner Mark Schaub and Hong Kong-based lawyer Piny Ly.

Deal significance: The joint venture between Costa Group and US-based Driscoll’s will create a berry production company, which will operate in China.

Under the agreement, Costa will assume 70 per cent ownership and Driscoll’s will take 30 per cent.

This deal builds on Costa’s existing JV with Driscoll’s in Australia, which has been in place for six years and is the number one marketer of blueberries, raspberries, strawberries and blackberries in the country, according to a statement from KWM.

Partner Shannon Finch (pictured) said the newest JV played into Costa's long-term strategy.

“The company’s expansion was one of the objectives following their 2015 listing, which we also supported them on," she said.

"We are delighted that this important step in their strategy has been successful and that following the creation of a successful joint venture, operations have already commenced in Yunnan Province in China.”


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Chinese berry joint venture negotiated
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Dec 15 2017
Timing ‘critical’ in unusual contempt of court ruling
A recent case could have interesting implications for contempt of court rulings, according to a Ferr...
Dec 14 2017
International arbitration and business culture
Promoted by Maxwell Chambers. This article discusses the impact of international arbitration on t...
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...