Hogan Lovells advises drom fragrances on its sale to Givaudan

Founded in 1911, drom is a global perfume house creating fragrances for consumer products and fine fragrance customers across the world. drom is headquartered near Munich in Germany and has manufacturing facilities in China, Germany, the USA and Brazil. The company employs almost 500 people globally. 

Givaudan is the global leader in the creation of flavours and fragrances. In close collaboration with food, beverage, consumer product and fragrance partners, Givaudan develops tastes and scents that delight consumers the world over. Givaudan achieved sales of CHF 5.5 billion in 2018. Headquartered in Switzerland with local presence in over 145 locations, the company has almost 13,600 employees worldwide.

While terms of the deal have not been disclosed, drom’s business would have represented approximately EUR 110 million of incremental sales to Givaudan’s results in 2018 on a proforma basis. The planned acquisition remains subject to formal approvals from the relevant regulatory authorities and the transaction is expected to close in the third quarter of 2019.

Hogan Lovells team for drom fragrances GmbH & Co. KG

Munich

Dr. Nikolas Zirngibl (Partner), Andreas Thun (Counsel), Dr. Peter Lang (Senior Associate) (all Corporate/M&A);

Dr. Falk Loose (Counsel), Dr. Andreas Eggert (Senior Associate) (all Tax);

Dr. Florian Unseld (Partner), Janna Weimer (Associate) (all Commercial);

Martin Günther (Partner), Lukas Claasen (Associate), Sabrina Greubel (Associate), Dr. Tim Hinrichsen (Associate) (all Real Estate);

Dr. Marion Fischer (Senior Associate, Intellectual Property).

Dusseldorf

Dr. Martin Sura (Partner), Sebastian Faust (Senior Associate), Anne-Kathrin Lauer (Associate), Julian Urban (Associate) (all Antitrust);

Golo Edel (Associate, Commercial).

Frankfurt

Dr. Sabrina Gäbeler (Senior Associate), Laura Dregger (Associate) (both Employment).

Baltimore

Emily Zhao (Associate, Corporate/M&A).

Beijing

Xiang Lu (Partner), Tony Yang (Associate) (all Corporate/M&A).

Hong Kong

Katherine Tsang (Senior Associate, Corporate/M&A).

London

Tarsis Goncalves (Senior Associate, Corporate/M&A).

Madrid

Alex Dolmans (Partner), Hugo Munoz (both Corporate/M&A).

Milano

Nicoletta Spinaci (Senior Associate, Corporate/M&A).

Paris

Arnaud Deparday (Counsel, Corporate/M&A).

Sao Paulo

Isabel Carvalho (Partner), Paula Pagani (Associate) (both Corporate/M&A).