Search
Contact
08.11.2023 | Deal Notifications

KPMG Law advises Wide Open Agriculture on the acquisition of assets of Prolupin GmbH

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) advised Wide Open Agriculture Limited (WOA) on the agreement to acquire the assets of Prolupin GmbH. The agreement provides for the acquisition of part of the food tech company’s business by WOA’s newly founded German subsidiary as part of an asset deal.

Listed Australian company WOA acquires Prolupin’s production facilities, enabling it to immediately establish an operational presence in Europe and become the world’s leading producer of lupin proteins.

Prolupin was founded in 2010 as a spin-off of the Fraunhofer Institute and was one of the global market leaders in the production of lupin protein isolates. The company had to file for insolvency in June 2023. Wide Open Agriculture Limited focuses on regenerative food and agriculture and produces plant-based proteins from lupins.

KPMG Law closely advised WOA with a team led by Düsseldorf partner Maximiliane Prüm on the acquisition of the assets from insolvency, in particular in the areas of corporate, employment and IP law.

Prolupin was advised in its search for investors by Pluta Rechtsanwalts GmbH, which is responsible for insolvency administration with a team led by Michael Bonhoff.

Advisor to Wide Open Agriculture:

KPMG Law Rechtsanwaltsgesellschaft mbH: Maximiliane Prüm (partner, lead), Dr. Cordula Brügmann (manager), Laura Herr (paralegal, all corporate M&A), Gunars Urdze (senior manager, lead insolvency law), Dr. Martin Trayer (partner), Liza Rauter (associate, both employment law), Marie Goffin (manager, IP).

 

Explore #more

11.03.2025 | In the media

KPMG Law Interview with HAUFE: LkSG after the elections – everything new?

Many companies have made considerable efforts to implement the Supply Chain Due Diligence Act. The political discussion about its abolition is now causing uncertainty. KPMG…

07.03.2025 | In the media

Guest article in unternehmensjurist: Implementing the requirements of the BFSG correctly

The Barrier-Free Accessibility Reinforcement Act requires companies to offer certain products and services without barriers. The obligations vary depending on the role in business transactions.…

05.03.2025 | In the media

KPMG Law Statement in TextilWirtschaft: What the changes from Brussels mean for the fashion industry

It’s now official: the EU Commission will massively simplify the planned sustainability reporting. The Supply Chain Law Initiative examines the announced changes to the CSDDD…

28.02.2025 | In the media

KPMG LLP Launches KPMG Law US – The First Big Four Law Firm Serving The US Market

The Supreme Court of the US state of Arizona has granted KPMG US the license for KPMG Law US. As of February 27, 2025, KPMG…

27.02.2025 | In the media

KPMG Law Statement in the ESGZ: The current opinion

Is the German Supply Chain Act sufficient to hold companies accountable, or do we need stricter liability rules for human rights and environmental violations? KPMG…

26.02.2025 | KPMG Law Insights

First Omnibus Package to relax the obligations of the CSDDD, CSRD and EU taxonomy

The EU Commission has today published the draft of the first announced Omnibus Package. With the first directive as part of the omnibus initiative,…

24.02.2025 |

Digitization of administration – the digital driver’s license is a first step

The introduction of digital driver’s licenses and vehicle documents recently approved by the Federal Cabinet marks a significant milestone in the digitalization of modern administration.…

21.02.2025 | In the media

Guest article in Betriebs Berater: Overview of regulation for securities institutions

Since the Securities Institutions Act (WpIG) came into force on June 26, 2021, securities institutions have had their own supervisory regime. In addition to the…

21.02.2025 | KPMG Law Insights

Money laundering prevention: BaFin calls on financial sector to act

The German Federal Financial Supervisory Authority (BaFin) is calling on the financial sector to pay greater attention to money laundering prevention. In its report “Risks…

18.02.2025 | KPMG Law Insights

AI compliance: important legal aspects at a glance

Human intelligence draws on experience, emotion and intuition. Artificial intelligence (AI), on the other hand, processes vast amounts of data in fractions of a second.…

© 2024 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.

 KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.

Scroll