Pinova Holdings completes sale to Symrise AG

On January 7, 2016, Pinova Holdings, Inc. and TorQuest Partners completed the sale of Pinova Holdings to Symrise AG for total cash consideration of US$417 million (C$551.7 million). Pinova Holdings is a global leader in specialty chemicals manufactured from natural and renewable feedstocks through its two operating companies, Pinova, Inc. and Renessenz LLC. Symrise is known for its innovative cosmetic ingredients for skin and personal care, UV protection, oral care and the fragrance industry.

Pinova Holdings and TorQuest were represented by Rod Barrett, Brian Pukier, Jonah Mann, Steven Bennett, Caroline Klinkhoff (M&A), Craig Mitchell and Corinne Geller (banking) and Michael Kilby (regulatory) of Stikeman Elliott LLP and Charles Perry, John Grady, Ken Smith (environmental), Rory Lyons and Nicole Stanger (tax) of Jones Day.

Symrise was represented by Joe Perillo, Walker Clarke, Van Jolas, Lauren Corbeil (M&A), Jerry Higdon (environmental), Buddy Sanders (tax), Ed Razim (employment), Doug Yeager (real estate) and Brit Nelson (intellectual property) of Locke Lord LLP.