Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to the board of directors of Adecoagro S.A. (“Adecoagro”) in connection with the announced transaction between Adecoagro and Tether Investments, S.A. de C.V. (“Tether”), pursuant to which Tether will commence a tender offer for up to a number of Adecoagro Common Shares representing, when added to the Adecoagro Common Shares already owned by Tether as of March 26, 2025, 70% of the outstanding Adecoagro Common Shares, at a price in cash for each share equal to $12.41. The closing of the transaction is subject to certain closing conditions, including there being validly tendered and not validly withdrawn a number of Adecoagro Common Shares that, when added to the Adecoagro Common Shares already owned by Tether, represents at least 51% of the outstanding Adecoagro Common Shares on a fully diluted basis.
Adecoagro is a leading sustainable production company in South America. Adecoagro owns 210.4 thousand hectares of farmland, and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 2.8 million tons of agricultural products and over 1 million MWh of renewable electricity.
Tether is a member of the Tether Group, which includes the issuer of USDT, the world's largest stablecoin.
The Simpson Thacher team includes Matt Rogers, Juan M. Naveira, Jakob Rendtorff, Ellen Gao and Richard Kenny (M&A).