Eurazeo Brands announces investment in Waterloo Sparkling Water


Paris, 19 August 2020–Eurazeo, today announces a minority investmentin Waterloo Sparkling Water (“Waterloo”). The investment will provide Waterloo with additional operational resources, brand building expertise, and capital to grow its business by accelerating its product and marketing innovation. This marks Eurazeo Brands’,the division of Eurazeo focused on differentiated, high-growth North American and European consumer brands with global growth potential,second investment within food and beverage and sixth investment since inception.

Austin, Texas-based Waterloo was founded in 2017 and has quickly becomeone of the fastest-growing and largest independent sparkling water brands in the United States, with distribution in over 13,000 retail doors, including Whole Foods Market, Costco, Target, Kroger, Walmart, Publix, H-E-B/Central Market and others. Jason Shiver, CEO of Waterloo, who has driven the company’s rapid growth over the last three years, will continue to lead the company alongside COO Jeff Arnold. Eurazeo Brands joins a consortium of investors led by Flexis Capital, including Moore Strategic Ventures, JW Levin Management Partners, and Waterloo Capital. Waterloo’s managementteam is rolling over a significant stake as part of this transaction.

Jason Shiver, CEO, Waterloo, said: We’re very proud of the company we’ve built so far, the distinct consumer appeal of our products and the tremendous support of our retail distribution network. Choosing the best partners for Waterloo was critical to continuing our momentum and we’re confident that Eurazeo, Flexis Capital, and JW Levin will provide deep brand-building experience and industry relationships that will be key to accelerating our growth, while Moore Strategic Ventures’ financial acumen will add firepower to our capabilities. We also want to thank the CAVU Ventures team for their support to date.

Jill Granoff, CEO, Eurazeo Brands, said: Sparkling Water is a large and resilient category, with sales of $4 billion in the U.S. alone and growing double digits annually. Waterloo has experienced phenomenal growth and strong consumer loyalty since launching in 2017, and is well positioned to capture additional market share under the company’s impressive leadership. We look forward to joining forces with Flexis Capital, JW Levin and Moore Strategic Ventures, and partnering withJason and his team to drive further success.

|2|Terms of the transaction were not disclosed.

About Waterloo Sparkling Water

In 2017, after recognizing that consumers were seeking, but not finding, healthy, authentic, transparent and better-for-them beverage choices that tasted great, the team dared to challenge expectation and launched Waterloo Sparkling. A rebel at heart, Waterloo has been breaking the mold since day one and is driven by its cofounder’s firsthand knowledge of the importance of food and beverage choices. The Austin-based brand is a BOLD take on sparkling water, making its mark by focusing on fruit-inspired flavor and aroma and delivering a richer, more authentic taste. Waterloo is made with Non-GMO Project verified and Whole 30 Approved flavors, free of calories, sodium, sugar and artificial sweeteners. For the benefit of its fans and the environment, Waterloo has only ever been produced in aluminum cans made with BPA-free liners.

About Eurazeo

Eurazeo is a leading global investment company, with a diversified portfolio of €18,5 billion in assets under management, including €12,9 billion from third parties, invested in over 430 companies. With its considerable Private Equity, real estateand private debt expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and by offering in-depth sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.

•Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai, London, Luxembourg, Frankfurt, Berlin and Madrid.

•Eurazeo is listed on Euronext Paris.•ISIN: FR0000121121 -Bloomberg: RF FP -Reuters: EURA.PA

Categories: News


Ardian-backed Kersia acquires Manchester-based Holchem, and becomes Europe’s second largest food safety company


he acquisition is the second largest add-on since Ardian invested in the company in 2016

Paris, May 29th, 2020 – Kersia, a global leader in biosecurity and food safety, announces the completion of the acquisition of Holchem from Ecolab. With this important milestone, Kersia becomes a leader in the UK hygiene sector and the second largest player in Europe. Holchem will join Kersia’s global operations platform that spans across Northern Europe, North and South America, the Middle East and China. The Holchem acquisition is being supported by additional capital from Ardian, one of the world’s leading private investment houses.

Based near Manchester, Holchem is the leading provider of hygiene and food safety solutions and technology in the UK. A large majority of the company’s sales are directed to the food, beverage and dairy industries, with additional sales to the food service, retail, institutional and farm sectors. With a turnover of approximately €55 million, Holchem operates from two industrial sites located in Bury and Liphook, primarily serving the UK market.

Following the acquisition of Kilco in July 2018, which enabled Kersia to penetrate the UK livestock sector (dairy, poultry and swine), the Holchem transaction allows Kersia to continue its development in this key geography, leveraging Holchem’s strong positioning to provide leadership in the British Food&Beverage Hygiene market.

Joined together, Kersia and Holchem will be able to benefit from major growth opportunities in the context of high global health and food safety standards, which are continuously rising. In the UK market, Kersia and Holchem are truly complementarity, both in terms of geographies and sectors, offering an important synergy opportunity, especially as country-specific standards and customer requirements become increasingly more stringent. Both companies share common values via their strong focus on environment and social responsibility and offer innovative digital solutions to enable their clients’ productivity.

During the ongoing Covid-19 public health crisis, both companies have been and remain strongly committed to supporting their customers and wider communities by refocusing operations towards the traditional products which have been most in demand, such as disinfectant and hand-hygiene solutions, while also continuing to support the rising demand for biosecurity protocols and enabling knowledge-sharing and best practices.

Kersia was formed as a new company in 2016 after Hypred acquired Antigerm, LCB Food Safety, G3, Kilco and Choisy Laboratories, each acquisition carefully chosen for their respective technologies and leading and complementary market positions. Kersia aims to improve the performance of the agricultural and food industries by preventing the spread of animal and human diseases, often caused by contamination in the food supply chain. The company offers also solutions to the healthcare sector. Following this acquisition, Kersia will operate in more than 120 countries with a workforce of over 1,500 people and a turnover of more than €300 million.

Sébastien Bossard, CEO of Kersia declares: “We are thrilled to welcome the Holchem teams to the Group. Their DNA, the quality of their work, the experience of their employees, their solutions, their services, strongly oriented towards the food industry in the UK and Ireland, make them very complementary to our current operations. This merger will enable us to make new solutions and services available to Kersia’s customers throughout the world, and in the same way, will provide Holchem’s local teams and customers with Kersia’s solutions to help combat contamination by pathogens of the food chain in one of the world’s largest food processing regions. We look forward to working together with Holchem Management team and employees and continuing Holchem’s successful development.”

Stuart Middleton, Managing Director of Holchem adds: “Over the years, Holchem has built a prominent position in the hygiene and food safety solutions market in the UK and Ireland thanks to its comprehensive and innovative offering. We can be proud of what our managers and employees have achieved. We are very excited to join the Kersia Group of companies, which has become a global leader in food safety in a few years, and we look forward to contributing to Kersia Group’s growth, both in our home markets and globally. We believe that this important transaction will bring many opportunities to all our employees and our customers in the combined organization.”

Thibault Basquin, Head of Americas Investments for Ardian Buyout, concludes: “Once again, we are extremely proud to support Kersia in this major deal, marking a new stage in the Group’s development. This is the sixth build-up Kersia has made in less than four years. The partnership with Holchem will enable Kersia to become truly global and Europe’s second largest player in food safety. The group is now more capable than ever to become a trusted partner in a rapidly growing market and will continue to work tirelessly to meet the global demand.”


Kersia is a global leader in biosecurity and food safety with value added products and solutions to prevent diseases or contamination in both animals and humans at every stage of the food supply chain.  The company offers also solutions to the healthcare sector
Following the acquisition, Kersia will operate in more than 120 countries with a workforce of over 1,500 people and a turnover of more than €300 million.


Holchem Group Limited is a food safety specialist providing hygiene solutions and technology primarily to the food, beverage, dairy, food service, institutional and retail sectors. Holchem operates in the United Kingdom and Ireland with a turnover of approximately €55 million.


Ardian is one of the world’s leading private equity firms with $96 billion under management and/or advisory in Europe, America and Asia. The company, which is majority owned by its employees, has always placed entrepreneurship at the heart of its approach and offers its international investors top-tier performance.
Through its commitment to sharing the value created with all stakeholders, Ardian contributes to the growth of companies and economies around the world. Based on its values of excellence, loyalty and entrepreneurship, Ardian benefits from an international network of 680 employees in 15 offices in Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco), South America (Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). The company manages the funds of 1,000 clients through its five investment pillars: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian


Buyer :

Kersia: Sébastien Bossard, Stéphane Le Dallic, Béatrice Texier, Alban Houssin
Ardian: Thibault Basquin, Nicolas Darnaud, Alexandre Vannelle, Alexis Manet, Jean-Baptiste Hunaut

Advisors :

M&A advisors:

Evercore (Tom Massey, Greg-Henri Bize, Maximilian Rempel)  

Legal advisors:

– Brodies (William McIntosh, Alasdair Dunn, Gina Malone, Jennifer Sim)
– Latham & Watkins (Gaëtan Gianasso, Timothée Brunello, Aymerick Fradin)
– Latham & Watkins (Xavier Farde, Carla-Sophie Imperadeiro)
– Structuring – Latham & Watkins (Olivia Rauch-Ravise, Yann Auregan)

Buy-side due diligence:
Finance: Accuracy (Frédéric Loeper, Andrés Rothschild)
Commercial: Bain (Jérôme Brunet, Andrea Gondekova, Ghofrane Maaroufi)
Operations: Advancy (Jérôme Salomon, Vincent Delaeter)
Legal & social: Brodies (William McIntosh, Alasdair Dunn, Gina Malone, Jennifer Sim)
Tax: Arsene Taxand (Mirouna Verban, Terry Khayat) and Alvarez & Marshal (Ian Flemming, Jagdip Bharij, Gurvinder Vim, Amish Patel)
Environmental: Malcolm Hollis (David Smith, Elliott Lockyer)
Regulatory: Socotec (Patrick Levy, Nazanin Golbamaki, Valérie Migaud-Sapin)




Categories: News


Biotalys’ first biocontrol proves consistent with high efficacy in global fruit and vegetables field trials


06/05/2020 – 09:30 | Portfolio

Ghent, BELGIUM – 6 May 2020 – Biotalys NV, a transformative food and crop protection company, today announced the results from more than 100 field trials with its first, breakthrough biofungicide, BioFun-1, which is on track to launch in the United States in 2022, followed by global market introductions. Developing a new generation of protein-based biocontrol solutions, Biotalys aims to help farmers protect yields and reduce food waste by both preventing crop loss and extending post-harvest protection with sustainable and safe products.


Categories: News


Biotalys announces second closing Series C totaling €45m


05/03/2020 – 10:46 | Portfolio

Biotalys NV, a rapidly growing and transformative food and crop protection company developing a new generation of protein-based biocontrols, today announces the second closing of its Series C financing round with € 10 million bringing the total amount of capital raised for its Series C to € 45 million.

The second closing of the Series C round was supported by the current shareholders and includes new investor Novalis LifeSciences. Novalis LifeSciences is an investment and advisory firm for the life science industry, based in Hampton, New Hampshire, USA. Marijn Dekkers, former CEO of Bayer AG and Chairman of Novalis LifeSciences will join the board of directors of Biotalys as an Observer.

Categories: News


Biotalys announces second closing Series C totaling €45m


Biotalys raised an additional €10m welcoming new US investor Novalis LifeSciences

Ghent, BELGIUM – 05 March 2020– Biotalys NV, a rapidly growing and transformative food and crop protection company developing a new generation of protein-based biocontrols, today announces the second closing of its Series C financing round with € 10 million bringing the total amount of capital raised for its Series C to € 45 million.

The second closing of the Series C round was supported by the current shareholders and includes new investor Novalis LifeSciences. Novalis LifeSciences is an investment and advisory firm for the life science industry, based in Hampton, New Hampshire, USA. Marijn Dekkers, former CEO of Bayer AG and Chairman of Novalis LifeSciences will join the board of directors of Biotalys as an Observer.

Marijn Dekkers commented, “Novalis LifeScience is very interested in break-through biotechnologies that can substitute synthetic pesticides. The protein-based biocontrol solutions developed by Biotalys are a promising novel class of these future food and crop protection agents.”

Proceeds from the financing will be used primarily for the further development, registration and commercial scale production of Biotalys’ biofungicide product and to continue to strengthen the company’s unique discovery platform. The launch of the first biofungicide is scheduled for 2022 in the fruit and vegetables market in the US. In addition, the funds will support the accelerated development of the innovative pipeline with applications in critical food and crop pests and diseases.

“On behalf of all the shareholders of Biotalys, we extend a warm welcome to our US-based investor Novalis LifeSciences. Marijn Dekkers will add his broad agro-industrial expertise to our very active board and help us drive the company to the next level. Biotalys being now well advanced in the discovery and development of a strong pipeline of innovative biocontrols, is meeting the fast evolving farmers’ and consumers’ expectations. A game changing AgTech company delivering on its promises.” said Lieven De Smedt, Chairman of the Board of Biotalys.

About Biotalys

Biotalys is a rapidly growing and transformative food and crop protection company developing a new generation of protein-based biocontrol solutions, shaping the future of sustainable and safe food supply. Based on its ground-breaking technology platform, the company has developed a broad pipeline of effective and safe products with novel modes of action, addressing key crop pests and diseases across the whole value chain, from soil to plate. Biotalys’ unique protein-based biocontrols combine the high-performance characteristics and consistency of chemicals with the clean safety profile of biologicals, making them ideal crop protection agents for both pre- and post-harvest applications. The company is on track to launch its first biofungicide in the US in 2022, followed by global market introductions.Biotalys was founded in 2013 as a spin-off from the VIB (Flanders Institute for Biotechnology) and has raised € 61 million to date from local and international specialist investors. The company is based in the biotech cluster in Ghent, Belgium. More information can be found on

For further information, please contactMarieke Vermeersch, Corporate Communications ConsultantT: +32 (0)9 261 06 84E:

Categories: News


Kinnevik to invest SEK 150 million in MatHem‘s SEK 500 million funding round, alongside leading pension company AMF


Kinnevik AB (publ) (“Kinnevik”) today announced that it has committed to invest an additional SEK 150m in a funding round of approximately SEK 500m in MatHem. Also participating in the funding round is Swedish institutional investor AMF, investing SEK 280m to become MatHem’s third largest shareholder with an ownership stake of approximately 10%, as well as MatHem’s existing shareholders Verdane and Clas Ohlson.

MatHem is Sweden’s leading independent pure-play online grocery retailer with a strong household brand built over the past ten years. The company offers a broad range of grocery products and adjacent household consumables, catering to more than half of Swedish households.  With the additional investment of SEK 150m, Kinnevik has invested SEK 1.1bn in total in the company and has an ownership stake of 36%.

With more than SEK 650 billion in assets under management on behalf of four million customers, AMF is one of Sweden’s leading pension companies, one of the largest owners on Nasdaq Stockholm and one of Kinnevik’s largest shareholders. With the investment of SEK 280m AMF becomes MatHem’s third largest shareholder with a 10% ownership stake.

2019 was a transformative year for MatHem, focused on strengthening the organization to build a solid foundation for future growth. As part of the company’s growth ambitions, and to meet increasing customer demand, part of the raised capital will be used to fund the development of MatHem’s new environmentally certified warehouse in Larsboda, Stockholm. MatHem’s new CEO Johan Lagercrantz joined the company in December, bringing with him a breadth of experience from leading positions in the staffing industry and consumer services and a strong track-record of delivering tangible results. Furthermore, MatHem is today announcing two new independent board directors, Lidia Oshlyansky and Nina Jönsson.

Georgi Ganev, CEO of Kinnevik, commented: “MatHem continues to be at the forefront of the transformation in the grocery space, and a clear leader in its core market. We are delighted that AMF has decided to invest in the company and to be part of this journey. The funding round means that the company is well capitalized for the future, allowing Johan and his team to focus on growing the business and improving operational efficiency.”

Anders Oscarsson, Head of Equities at AMF, commented: “We are excited to invest alongside Kinnevik in MatHem as we share their conviction in the significant opportunity in transforming this large market. We have been impressed by the strong team at MatHem and their plans for the future.”

For further information, visit or contact:

Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50

Kinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to make people’s lives better by providing more and better choice. In partnership with talented founders and management teams we build challenger businesses that use disruptive technology to address material, everyday consumer needs. As active owners, we believe in delivering both shareholder and social value by building long-term sustainable businesses that contribute positively to society. We invest in Europe, with a focus on the Nordics, the US, and selectively in other markets. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.


Categories: News


Ardian acquires Frulact, a leading producer of added valued ingredients for the food industry


Porto, January 16, 2020 – Ardian, a world leading private investment house, announced today that, with the support of Frulact’s management team, it is acquiring Frulact to the Miranda Family. Frulact is an innovative producer of natural fruit-based and plant-based specialty ingredients for the Food & Beverage industry. The company counts on an extensive product portfolio based on fruit & vegetables preps for dairy, ice-cream, desserts, beverages, flavors and plant-based alternatives.

Headquartered in Maia – Porto, Frulact employs more than 750 people, operates 9 facilities across Europe, Africa and North America and sells its products in more than 40 countries, generating nearly €115 million of turnover. The company, founded by the Miranda family in 1987 and led by João Miranda, has a solid track record of growth relying on both organic and acquisitions initiatives.

Ardian will support the management of the company to accelerate its strategic plan and consolidate the group as one of the global leaders in the food ingredients industry, supporting the existing business activities and enhancing its capabilities in adjacent niches and ingredients. Ardian’s strong knowledge of the food ingredients industry, its worldwide network and the support that a leading international private investment firm can offer make Ardian the best partner to identify and promote growth opportunities to transform Frulact into a global leader.

Ardian will rely on the current management team, which will continue being led by Duarte Faria as Chief Executive Officer, to develop its project. Additionally, João Miranda will continue as Non-Executive Chairman of the group.

João Miranda, Non-Executive President of Frulact, commented: “I join all Frulacteans to welcome Ardian and begin this new chapter in Frulact. We’re very pleased with this agreement and partnership, considering that Ardian will bring considerable financial and strategical resources to boost Frulact to become a strong platform, that will aggregate and integrate other adjacent businesses and activities in the added value ingredients industry, and consequently consolidate Frulact’s project, supported by our Human Capital, and allowing the company to exploit a sustainable global footprint”. In addition, he added: “Frulact will continue operating as usual, with the same management team, developing our future growth, innovation, and sustainability strategy, using our Headquarters in Portugal, to bring the company to the next stage of development and rising to a bright future ahead and to bold our aspirations”.

Gonzalo Fernandez-Albiñana, Head of Ardian Buyout Spain (advisor to Ardian France), said: “Frulact and its Management team have the know-how, capabilities and ambition required to consolidate the company as a leading natural food ingredients provider at global level, by expanding and enhancing its technical capabilities and geographical reach. Ardian will support the management in this endeavor with its expertise, network and resources”.

Philippe Poletti, Member of the Executive Committee and Head of Ardian France, said: “This transaction is a good example of Ardian’s expertise in supporting transformation and growth projects in industries we master, while maintaining the legacy of what has been created by the Miranda Family. Our experience helping companies enter new territories, combined with our understanding and respect for the tradition and the corporate values of family businesses make Ardian a preferred partner for family buyouts or carve-outs”.

Frulact is the first investment of Ardian’s Buyout team in 2020. With 50 employees across seven offices in Europe and New York, the buyout team invests in high-quality mid- and large-cap companies, applying transformational strategies to become world leaders in their niche markets.


Frulact is a business group, established in 1987, positioned as a top-ranked innovative company in the supply of added value ingredients for the food & beverage industry, namely fruit & vegetables preps for dairy, ice-cream, desserts, beverages, flavors and plant-based alternatives. From the classic and typical to the most exotic combinations, Frulact has the knowledge and experience to create customized and innovative products to serve its customers’ needs. The Group has a global presence across three continents, with nine business units in five countries (Portugal, Morocco, France, South Africa and Canada), and it is ranked among the world’s top five companies in its business.


Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, North America, Asia, and South America. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 640 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of more than 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.


Tel: +34 91 563 77 22

Categories: News


NPM Capital acquires stake in Agro Care

NPM Capital

Investment company NPM Capital has reached agreement with the shareholders of Dutch tomato grower Agro Care to supply the company with growth capital. The cultivation area of Agro Care, Europe’s largest tomato producer, covers more than 200 hectares spread across the Netherlands, France, Morocco and Tunisia. In NPM Capital, Agro Care has found a partner to support their shared growth ambitions.

The Maasdijk-based company was founded in 1997 by members of the current management and now counts more than 1,500 employees. In a short period of time, Agro Care has developed into one of the world’s largest greenhouse horticulture companies. Through shareholdings, Agro Care additionally engages in – amongst others – seed breeding, packaging, marketing and distributing tomatoes.

Kees van Veen, CEO of Agro Care, explains: “We didn’t just team up with any investment company. We have deliberately opted for a financially robust long-term partner that will help us develop and implement our strategy, for instance by boosting our professionalism and supporting us in future acquisitions.”

“We have been talking to Agro Care for some time,” continues Leonard van Loon, Investment Director at NPM Capital. “Agro Care’s strength lies in its entrepreneurial spirit and its strong partnerships in the value chain which have let the company build a leading position in this large, fragmented market with ample growth opportunities. Agro Care could use the growth capital to invest in technologically advanced greenhouses and for the acquisitions of targets in the Netherlands and elsewhere. We are keen to join forces with the ambitious management team and contribute to the accelerated growth of the company.”

NPM Capital has been investigating investment opportunities in the agricultural sector, including greenhouse horticulture, for some time. It has had a partnership with Hillenraad Partners, a strategic consultancy firm in the horticultural sector, since 2017. Hillenraad Partners initiated the collaboration between NPM Capital and Agro Care. “The Dutch horticulture sector is leading in the world and Agro Care is one of its great exponents,” says Martien Penning, managing partner of Hillenraad Partners. “The partnership with NPM Capital will allow Agro Care to take the next step in its development and streamline its supply of healthy, sustainable and high-quality food.”

NPM Westland

The transaction is expected to close early in 2020. Financial details of the transaction will not be disclosed.

For more information:

Categories: News


Altor to divest Ålö to JOST


Altor Fund III (“Altor”), Fort Knox Förvaring AB and Management Investors have today signed an agreement to divest Ålö Holding AB (“Ålö”), a world leader within material handling solutions in the agricultural industry to JOST Werke AG (“JOST”). JOST is a world leading supplier of systems to the Truck and Trailer Industry.

Ålö is a global market leader in top-quality front loaders and associated implements for agricultural tractors, with sales in more than 40 countries. Front loaders and implements are sold under the Quicke brand as well as in cooperation with tractor OEMs. The company has production facilities in Sweden, US, China and France.
“We are pleased to have found an excellent new home for Ålö” says Bengt Maunsbach, Partner at Altor Equity Partners. “JOST has strong capabilities to support Ålö in developing its many important OEM relationships and a global manufacturing footprint that will both open up new markets and provide economies of scale”.

“Ålö stands stronger than ever today” says Niklas Åström, CEO of Ålö. “We have during the past years developed and launched breakthrough new products such as the Q-Series premium loader and the Q-Companion digital control system. Together with our leading offer of implements, parts and service this has enabled Ålö to grow with both our OEM partners and in the dealer market”.

“We are delighted to bring Ålö into our portfolio of leading industrial brands” says Joachim Dürr, CEO of JOST. “We look forward to work with Ålö’s strong management team and to help Ålö continue to grow”.

The transaction is conditioned upon merger control approval and is expected to be finalized early 2020. The sellers were advised by Alantra, Swedbank Investment Banking, White & Case and EY.

For more information, please contact:
Tor Krusell, Head of Communications at Altor, Tel: +46 70 543 87 47

About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 4.2 billion in more than 60 companies. The investments have been made in medium sized predominantly Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Dustin, Byggmax, Piab, Aalborg Industries, Trioplast, SATS and RevolutionRace. For more information please visit

About Ålö
Ålö is a world leader in Front Loaders for the Agricultural Industry. The products are sold under the Quicke brand. Ålö develops and manufactures about 40,000 loaders every year and has revenue of about 2 billion SEK and about 700 employees. Ålö has manufacturing in Sweden, China, USA and France. For more information about Ålö please visit

About JOST
JOST is a leading global producer and supplier of safety-critical systems for commercial vehicles. The Company’s core brands “JOST”, “ROCKINGER”, “TRIDEC” and “Edbro” are well-recognized in the industry and highly regarded for their quality and continuous innovation. With its sales and production facilities in 22 countries across five continents, JOST has direct access to all major truck and trailer manufacturers and relevant end customers. JOST currently employs about 2,900 staff worldwide and has been listed on the Frankfurt Stock Exchange since 20 July 2017. For more information about JOST please visit


Categories: News


Cinven to invest in Barentz


Cinven, the international private equity firm, today announces that it has reached an agreement to become a shareholder of Barentz (the ’Group’), a global specialty ingredients distributor for the food, pharmaceutical, personal care and animal nutrition markets. Financial terms of the transaction are not disclosed.

Headquartered in the Netherlands, Barentz distributes ingredients and additives for products to small and medium-sized enterprises (‘SMEs’) and large customers globally. The Group sources branded specialty ingredients from leading manufacturers worldwide, and its ingredient experts provide value-added technical support (including pre-mixing, blending, ingredient formulation and ingredient testing) from its state-of-the-art production facilities in Europe, North America and Asia.

Established in 1953, Barentz has operations in more than 60 countries with a strong presence in Europe and Asia, and a growing presence in North America and Latin America. Today, the Group employs circa 1,100 people worldwide, sources ingredients from more than 1,000 suppliers and serves more than 15,000 customers.

Cinven’s Business Services and Benelux teams identified Barentz as an attractive investment opportunity, given its:

  • Strong presence in attractive, structurally growing and resilient markets;
  • Value-added proposition to both a large number of ingredient manufacturers and a highly diversified end-customer base;
  • Significant buy and build opportunity in a highly fragmented market. Barentz has a proven track record of executing and integrating acquisitions;
  • Strong historic financial performance and cash generation;
  • Opportunity to accelerate the growth of the business through investment in the Group’s infrastructure as well as R&D capabilities; and
  • Highly experienced management team, led by CEO Hidde van der Wal.

Ben Osnabrug, Partner at Cinven, commented:

Barentz has a strong presence in a structurally growing market. The Cinven team knows the specialty distribution sector well; a number of key trends are driving the growth of the food and life sciences ingredients market, including a shift towards natural ingredients, increased demand for customised formulations, and a growing share of manufacturers using distributors to drive market access and to improve efficiencies.

“Cinven’s investment in Barentz resulted from a combination of our detailed sub-sector approach within Business Services and our regional network in the Netherlands, and we are delighted to invest in this primary opportunity. In particular, Barentz has an excellent management team whom we are backing to pursue both organic and acquisition-led growth.”

Hidde van der Wal, Chief Executive of Barentz, said:

“We are delighted to be working with Cinven on the next phase of our growth. The Cinven team has really impressed us with their understanding of our market and their strong track record of growing businesses internationally. 

“In particular, their investment and support for our business strategy will enable us to expand our operations into new geographic markets, including through acquisition, and will ensure we have the right infrastructure to achieve this.”

Completion of the transaction is subject to customary conditions including competition clearances.

1602 Capital Partners acted as M&A advisor for Cinven.

Categories: News