Debevoise & Plimpton LLP is advising Morgan Stanley and Greenhill Partners as financial advisors to International Flavors and Fragrances, Inc. (“IFF”) in connection with the merger of DuPont de Nemours, Inc.’s nutrition and biosciences business (“SpinCo”) into IFF through a tax-free Reverse Morris Trust transaction. The transaction values the surviving, combined company at approximately $45.4 billion. Following the transaction, SpinCo stockholders will control approximately 55.4% of all outstanding shares of the combined company, while IFF’s existing stockholders would own 44.6% of the combined company. For more information, see the companies’ press release.
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in 41 countries, the firm’s employees serve clients worldwide including corporations, governments, institutions and individuals.
Greenhill is a leading independent investment bank focused on providing financial advice globally on significant mergers, acquisitions, restructurings, financings and capital advisory to corporations, partnerships, institutions and governments.
The Debevoise team was led by M&A partners Kevin Rinker and Michael Diz and includes associates Sean Foley and Alexandra Grossman.