Alltech – a leading global animal and crop nutrition company, sold its baking yeast factory in Senta, in northern Serbia, to Lesaffre – a leading global baking yeast and fermented products company. The acquired factory will continue to produce baker’s yeast for the Serbian market and yeast extracts for the food and animal feed industries. The transaction is in line with Alltech’s continued focus on its core business in animal and crop nutrition.

Karanović & Nikolić provided sell-side advisory services in this acquisition, and the team included partner Ivan Nonković, Milijana Tomić and Marko Ćulafić. The services performed included structuring of the transaction, as well as drafting and negotiating the transaction documents.