International legal practice Osborne Clarke has advised leading growth investor Synova and the company’s management team on their sale of and reinvestment into Mintec, alongside Five Arrows Principal Investments is part of the European private equity arm of Rothschild & Co’s Merchant Banking business.
Mintec is the leading global provider of food-related commodity prices, forecasts and advanced analytics to the $9 trillion food industry; all delivered through its cutting-edge SaaS platform, Mintec Analytics. Mintec provides over 750 of the world’s largest companies with critical data that underpins their procurement, budgeting and risk management covering more than 15,000 food ingredients and associated materials.
Synova first invested in Mintec in December 2017 and has supported the Company through a period of rapid growth, technological development and international expansion. Synova’s investment helped Mintec launch their proprietary data strategy and to become the world’s first food-focused, IOSCO-compliant, Price Reporting Agency. In 2021, Mintec further enhanced its value proposition by acquiring commodity price forecasting specialist, Kairos, to create the world’s most advanced integrated pricing intelligence platform for food industry procurement and risk managers globally.
The Osborne Clarke team was led by corporate / private equity partners Alisdair Livingstone, Alistair Francis and Chris Yeo, with support from Leanne Maund, Hannah Stevens, Lottie Brewster and John Annan (all corporate / private equity). Other experts from across Osborne Clarke also advised, including David Nisbet, Rob Thomas and Jonny Musty (tax), Tom Bussy (banking) and Rhiannon Jones (Incentives)
Commenting on the transaction, Alisdair Livingstone, Synova's client relationship partner said "We were delighted to support Synova and the majority shareholders in delivering a successful transaction having been involved with Mintec since Synova's original buyout in 2017. It is clear that the business has gone from strength to strength in that time and this is testament to the quality of the Mintec team. We look forward to seeing how the business develops with its new investor alongside Synova and the Mintec team."
Zac Tsai, Partner at Synova said: "We've worked with Osborne Clarke over a number of years and consider them one of our go-to advisers. The team, led by Al and Chris, have a deep understanding of how we operate which enables us to complete transactions promptly and efficiently and to meet the tightest deadlines. They approach every engagement with the utmost professionalism, rigour and commercial pragmatism, but always with a sense of humour and they and the wider team are a pleasure to work alongside"
Spencer Wicks, Mintec CEO commented that "the team at Osborne Clarke helped us to understand and navigate both the sale process and the start of our exciting new partnership with Five Arrows. Their dedication to their work enabled the transaction to progress smoothly and on time, and their clear and commercial approach helped us to feel confident that we had agreed a deal that achieved the best outcome for everyone involved."
Osborne Clarke’s Corporate team is considered a go-to practice for many companies in the tech, media and comms sector and the retail and consumer sectors, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.
Evolving and disruptive technologies are changing how businesses operate, compete and evolve, creating extraordinary, transformative opportunities. Osborne Clarke is at the forefront of advising on ground-breaking transformations. Visit our Digitalisation pages to find out more.
International legal practice Osborne Clarke has advised leading growth investor Synova and the company’s management team on their sale of and reinvestment into Mintec, alongside Five Arrows Principal Investments is part of the European private equity arm of Rothschild & Co’s Merchant Banking business.
Mintec is the leading global provider of food-related commodity prices, forecasts and advanced analytics to the $9 trillion food industry; all delivered through its cutting-edge SaaS platform, Mintec Analytics. Mintec provides over 750 of the world’s largest companies with critical data that underpins their procurement, budgeting and risk management covering more than 15,000 food ingredients and associated materials.
Synova first invested in Mintec in December 2017 and has supported the Company through a period of rapid growth, technological development and international expansion. Synova’s investment helped Mintec launch their proprietary data strategy and to become the world’s first food-focused, IOSCO-compliant, Price Reporting Agency. In 2021, Mintec further enhanced its value proposition by acquiring commodity price forecasting specialist, Kairos, to create the world’s most advanced integrated pricing intelligence platform for food industry procurement and risk managers globally.
The Osborne Clarke team was led by corporate / private equity partners Alisdair Livingstone, Alistair Francis and Chris Yeo, with support from Leanne Maund, Hannah Stevens, Lottie Brewster and John Annan (all corporate / private equity). Other experts from across Osborne Clarke also advised, including David Nisbet, Rob Thomas and Jonny Musty (tax), Tom Bussy (banking) and Rhiannon Jones (Incentives)
Commenting on the transaction, Alisdair Livingstone, Synova's client relationship partner said "We were delighted to support Synova and the majority shareholders in delivering a successful transaction having been involved with Mintec since Synova's original buyout in 2017. It is clear that the business has gone from strength to strength in that time and this is testament to the quality of the Mintec team. We look forward to seeing how the business develops with its new investor alongside Synova and the Mintec team."
Zac Tsai, Partner at Synova said: "We've worked with Osborne Clarke over a number of years and consider them one of our go-to advisers. The team, led by Al and Chris, have a deep understanding of how we operate which enables us to complete transactions promptly and efficiently and to meet the tightest deadlines. They approach every engagement with the utmost professionalism, rigour and commercial pragmatism, but always with a sense of humour and they and the wider team are a pleasure to work alongside"
Spencer Wicks, Mintec CEO said: "The team at Osborne Clarke helped us to understand and navigate both the sale process and the start of our exciting new partnership with Five Arrows. Their dedication to their work enabled the transaction to progress smoothly and on time, and their clear and commercial approach helped us to feel confident that we had agreed a deal that achieved the best outcome for everyone involved."
Osborne Clarke’s Corporate team is considered a go-to practice for many companies in the tech, media and comms sector and the retail and consumer sectors, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.
Evolving and disruptive technologies are changing how businesses operate, compete and evolve, creating extraordinary, transformative opportunities. Osborne Clarke is at the forefront of advising on ground-breaking transformations. Visit our Digitalisation pages to find out more.
