KPMG acted as the sell-side advisor and successfully advised SLOVAKIAN FIELD INVEST A / S on the sale of DAN AGRO HOLDING, s.r.o. (“DAH”) to the Austrian company SVK Invest GmBH belonging under Gutsverwaltung Illmau GmBH & CO KG (“GV Illmau”).
Details of the transaction
Dan Agro Holding
DAH owns approximately 1,000 hectares of land in the vicinity of Černík, which it leases for primary agricultural production in an ecological mode. It applies the principles of efficient rotation of selected crops to achieve maximum crop yield per hectare. The company has been developed for more than 15 years by a group of Danish farmers.
GV Illmau
GV Illmau is an Austrian agricultural company operating in the field of primary agricultural production in northern Austria and southern Czechia and managing approximately 1,500 hectares. In addition to biological crops such as potatoes, it focuses on crops such as soybeans, sunflowers or pumpkins.
Thanks to the acquisition of DAH, GV Illman has gained 1,000 hectares of fertile land in southern Slovakia, which is GV Illmau's first asset in the Slovak Republic. The company thus entered a new market and expanded its operations outside Austria and Czechia.
KPMG Role
KPMG in Slovakia acted as the M&A and legal advisor to the sellers on the sale of DAH to GV Illmau. KPMG assisted DAH's owners throughout the transaction process, from preparing the transaction, contacting relevant strategic partners, negotiating commercial terms of the transaction, providing legal advice to concluding final contracts in December 2021.
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