Global law firm White & Case LLP has advised Oatly and its shareholders Verlinvest and China Resources on the US$200 million equity investment in Oatly by a group of investors led by Blackstone Growth.
The investors include Oprah Winfrey, Natalie Portman, former Starbucks Corp. Chief Howard Schultz, Jay-Z-founded entertainment company Roc Nation, investment firm Orkila Capital and Rabo Corporate Investments, the investment arm of Rabobank. The investors join the company’s existing investors, including investment firm Verlinvest, holding company China Resources and the company’s founders.
Founded in 1994, Oatly is a Sweden-based producer of plant-based, dairy-free food products, with products available in more than 50,000 locations in 20 countries. Oatly’s patented original oat milk created the fast-growing oat milk category and the company is a leader in the plant-based food space.
The White & Case team in Stockholm which advised on the transaction was led by partner Shoan Panahi and included partner Oscar Liljeson and associates Sebastian Wallin, Jonas Johansson, Alexander Berlin-Jarhamn, and Rebecka Tenenbaum.
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