Date Published: 27 September 2021
CNPLaw LLP (CNP) acted for Creadev International SAS (Creadev), a private equity investment firm, in its participation as lead investor in the series A fundraising round of Growthwell Foods, a Singapore plant-based food maker which manufactures plant-based alternatives to meat and seafood. The investment was finalised in September 2021 with over US$22 million being raised together with other major investors. The funding is intended to be used towards business expansion and product development efforts of Growthwell Foods within the region.
The CNP team was instructed by Mr François Communal, Chief Legal Officer of Creadev, and Mr Alan Zhu, Co-head of Creadev Asia, who commended the CNP team for its “unfailing assistance”, “dedication and reactivity” and “high-quality work”, and commented that “it was a real pleasure for us to work in such reassuring conditions”.
Each M&A deal entails the confluence of multiple legal disciplines. That is why we take great care when assembling a team for each deal, ensuring that there is an optimal mix of specialisation in the clients’ identified areas of concern, such as tax, employment and intellectual property, and necessary industry-specific experience.
We provide support to our clients at every stage of the deal. We will be there at the beginning of the process, helping to facilitate the negotiations between the parties and advising on the structure of the transaction. Once the parties have reached a consensus, we meticulously prepare the necessary documentation. Recognising that M&A deals are often the first page of a new chapter for the parties involved, we also provide post-transaction support to ensure a smooth transition such as the preparation of shareholder agreements, employment agreements, and other relevant commercial documentation.