International Flavors & Fragrances sells its pharma solutions business to Roquette

International Flavors & Fragrances (IFF), a global leader in food, beverage, scent, health and biosciences, science and creativity, has sold its pharma solutions business, a well-established developer and manufacturer of pharmaceutical excipients, to Roquette, the French leader in plant-based ingredients, for an enterprise value of USD 2.85 billion.

Lenz & Staehelin advised International Flavors & Fragrances on the Swiss legal aspects of this transaction, while DLA Piper acted as lead counsel. The Lenz & Staehelin team included Roman Graf, David Di Rosa and Noé Luisoni (all M&A), as well as Maximilien De Ridder (tax).