White & Case, Clifford Chance, Hengeler Mueller and other European firms are advising on two European cross-border deals in the nutrition and renewable energy sectors with a combined value of $3 billion. Clifford Chance is advising dsm-firmenich, a Swiss-Dutch chemicals company, on its agreement with CVC Capital Partners to divest its Animal Nutrition & Health (ANH) business for an enterprise value of about €2.2 billion ($2.6 billion). The deal will see dsm-firmenich retain a 20% equity stake in the divested ANH companies in partnership with White & Case client CVC. Clifford Chance’s Amsterdam team, led by corporate M&A partners Gregory Crookes and Stephanie Horowitz, includes M&A partner Ernst van der Touw and co-head of the global IP group Claudia Milbradt. This transaction follows the sale of dsm-firmenich’s stake in Feed Enzymes Alliance to Novonesis for €1.5 billion in 2025, which Clifford also advised on. Brussels-based White & Case partner Carlo Meert co-led his deal team, which includes London partners Ben von Maur and Joshua Crawley, and Frankfurt’s Stefan Koch and Carola Glasauer. The firm has supported CVC on other cross-border mandates, including during last year’s €1 billion joint investment with Therme Group. CIP to Acquire Ørsted’s European Arm In a second deal announced this week, Danish fund Copenhagen Investment Partners (CIP) agreed to acquire Ørsted’s European onshore business, which includes onshore wind, solar PV, and battery energy storage systems, in a transaction valued at more than €1.4 billion ($1.7 billion). Denmark’s Kromann Reumert, led by Copenhagen's Anders Stubbe Arndal and Nicolai Helms, is advising Ørsted while Hengeler Mueller is counseling Ørsted on German aspects of the transaction. Hengeler’s team is led by Frankfurt M&A partners Sebastian Schneider and Marika Öry, with energy, regulatory, and competition/FDI advice from Düsseldorf partner Jörg Meinzenbach. Hengeler has worked with Ørsted for 25 years, making it one of the firm’s core clients in renewables. The firm has also advised on projects beyond Germany, including the €7 billion Baltica 2 offshore wind project between Denmark and Poland in 2025. Danish law firm Accura, meanwhile, is advising CIP, led by partners Louise Hilligsoe Norgaard and Thomas Weincke.