Koninklijke DSM N.V. (ENXTAM:DSM) reached an agreement to acquire ERBER Group from Erber It Service GmbH, San Pacific Investments Pte Ltd. and San Venture Pte. ltd for an enterprise value of €980 million on June 12, 2020. The acquisition will be debt financed, with committed bridge financing in place. Sanphar and EFB, representing 7% of Erber Group’s total sales, are not included in this transaction and will be carved out before closing. As of June 17, 2020 Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, announces the successful launch of €1 billion bonds, in two tranches: a €500 million bond with an eight-year maturity due in 2028, at a coupon of 0.25%, and a €500 million bond with a twelve-year maturity due in 2032, at a coupon of 0.625% to finance acquisition of Erber Group. The acquired businesses have combined sales of €330 million and an adjusted EBITDA margin above 20% for the twelve months to the end of March 2020. Closing is subject to the approval of the competent competition authorities. Romania's competition authority approved the transaction. The transaction, which remains subject to regulatory approval and customary conditions, is expected to close in fourth quarter of 2020. The transaction is expected to be earnings enhancing in the first year upon completion. Earnings per share contribution is expected to be about €0.15 for 2021. JPMorgan Chase & Co. and Dimitrios Iroidis,Jessica Dale, Noah Gringarten, Bastiaan Vaandrager, Stefano Beschi, Bartosz Kurkowski, Martin Suter and Ralph Miller of Rothschild & Co SCA acted as financial advisor to Koninklijke DSM N.V. Albert Birkner, Bernhard Kofler-Senoner, Wolfgang Sindelar, Michael Mayer, Armin Schwabl, Johannes Buchinger and Katharina Majchrzak of CERHA HEMPEL acted as legal advisors to San Pacific Investments Pte Ltd. and San Venture Pte. ltd. Maria Doralt, Andreas Daxberger, Christian Temmel, Johanna Höltl, Sabine Fehringer and Veronika Appl of Dla Piper Weiss-Tessbach Rechtsanwã Lte GmbH acted as legal advisor to ERBER Group. Florian Kusznier, Markus Bruckmüller, Günter Bauer, Kurt Retter and Karl Binder of Wolf Theiss (Austria and CEE region) acted as legal advisors to Koninklijke DSM.