Addleshaw Goddard advises J.P. Morgan on financing for Ingredion's £2.74 billion recommended acquisition of Tate & Lyle

Addleshaw Goddard has advised J.P. Morgan on the financing for Ingredion Incorporated's recommended cash acquisition of Tate & Lyle plc, announced today pursuant to Rule 2.7 of the UK Takeover Code. 

The acquisition values Tate & Lyle at approximately £2.74 billion (US$3.7 billion) and represents a significant transaction in the global food ingredients sector. 

Ingredion is a leading global provider of ingredient solutions, serving customers in nearly 120 countries across a broad range of industries. Headquartered in Westchester, Illinois, the company employs approximately 11,000 people and operates in more than 30 countries worldwide. 

Tate & Lyle, headquartered in London, is a leading provider of food and beverage ingredients and solutions, supplying customers across global consumer markets and supporting the development of healthier and more sustainable food products. 

The Addleshaw Goddard team advising J.P. Morgan was led by partner Simon Wood, supported by Lucy Robson and Vinay Rawal (Corporate Finance), Ewen Scott (Finance) and Paul Denham (Derivatives).