We are advising the capital markets adviser and placement agent on the de-SPAC transaction and related PIPE financing

Davis Polk is advising the capital markets adviser and placement agent in connection with the business combination transaction between Agriculture & Natural Solutions Acquisition Corporation (ANSC) and Australian Food & Agriculture Company Limited (AFA). The business combination values AFA at an enterprise value of approximately $510 million.

ANSC is a special purpose acquisition company (SPAC) formed for the purpose of effecting a business combination with one or more businesses. AFA is a large-scale, diversified agricultural business established in 1993. AFA now operates one of the largest agricultural portfolios in New South Wales, Australia.

The Davis Polk capital markets team includes partner Derek Dostal and associate Tomer Magid. All members of the Davis Polk team are based in the New York office.