Tag Archives: Consumer brands

EQT Private Equity invests in Indesso, Southeast Asia’s largest natural Flavor & Fragrance ingredients and Food & Wellness solutions provider

eqt
  • Indesso benefits from the global demand and growing consumer awareness for natural ingredients, and contributes to the development of a sustainable value chain in the flavors & fragrances and wider consumer goods industries
  • EQT Private Equity will support Indesso’s ambition for continued research driven product innovation and geographical expansion, as well as in enhancing digital capabilities and sustainability, leveraging on EQT’s inhouse expertise and global advisory network

EQT is pleased to announce that the EQT Mid Market Asia III fund (“EQT Private Equity”) has invested in Indesso Group (“Indesso” or “the Group”). The founding Gunawan family will retain a majority stake in the Group and remains as management following the transaction.

Established in 1968 and headquartered in Jakarta, Indonesia, Indesso is a leading provider of natural ingredients, serving over 2,000 customers in the Flavors & Fragrances (“F&F”) industry in more than 50 countries globally. Indesso’s natural products are essential elements used in the formulation of a wide range of flavor ingredients in food and beverage products, as well as aromatherapy and fragrances in consumer products and nutraceuticals.

Over the years, Indesso has established a strong presence as a manufacturer of essential oils including their derivatives and botanical extracts unique to Indonesia. Through continuous research and innovation, it has transformed into an integrated solutions provider across the F&F ecosystem. Indesso is also one of the market leaders in Indonesia supplying F&F products and food ingredients on behalf of its global principals to the fast-growing local consumer goods industry.

Indesso’s underlying market is supported by global megatrends, such as the shift to natural based products, and the growing importance of sustainable supply chains. The Group supports the United Nations Sustainable Development Goals through its “People – Partnership – Planet” program, which seeks to develop a traceable and responsible natural raw material sourcing and reduce the environmental impact of its business activities.

EQT has vast expertise and a long history in developing strong assets in the sector, including a global F&F company, and existing portfolio companies Azelis and Chr. Hansen Natural Colors. EQT Private Equity intends to leverage on this experience and its global advisory network, to support Indesso’s ambitions for accelerating product innovation and enhancing its raw material sourcing capabilities to continue serving its customers with the best product offering and highest service standards. EQT Private Equity also intends to back Indesso’s inorganic growth plans in the region and invest further in the Group’s digital infrastructure and sustainability, drawing on its inhouse expert capabilities.

Brian Chang, Partner and Investment Advisor, Head of Southeast Asia at EQT Partners, said “Indesso started on its journey more than 50 years ago, bringing natural ingredients to the world. We are truly humbled by the opportunity to invest in a market leader in this highly thematic space as it prepares for the next phase of its journey to expand further. We have full confidence in the talented team and high quality business that Pak Robby is leading and are excited about the ample opportunities to further invest in innovation, sustainability and digitalization to continue to add value to Indesso’s customers and principals.”

Robby Gunawan, CEO of Indesso Group, said “This partnership with EQT represents a new chapter in Indesso’s ‘Journey of Unlocking Nature’. This will accelerate our corporate mission of creating innovative solutions with ‘sustainable natural based ingredients for life’. In the last 10 years, we have enjoyed robust growth in our business built upon solid relationships with current business and supply partners, principals and customers, something that we want to continue and further strengthen. EQT’s expertise and experience in our business space will support us in realizing new opportunities to provide better and innovative solutions for our customers.”

The transaction was closed on 10 May 2021.

Contact
APAC media inquiries: KEKST CNC, daniel.delre@kekstcnc.com, +852 9212 3105
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
Indesso Corporate Communication, arianto.mulyadi@indesso.com, +62811965808

About EQT
EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About Indesso
Established in 1968, Indesso is one of Indonesia’s key manufacturers of food, flavor, and fragrance ingredients. Through strict quality assurance, we ensure that all customers receive high quality products, which comply with international standards and regulations. Indesso is devoted to providing value-added ingredients through innovation, efficiency, and sustainable business practices.

More info: www.indesso.com
Follow Indesso on LinkedIn and Instagram

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Plantasjen has reopened all stores

Ratos

Plantasjen has reopened all stores in Norway. From mid-March up to 38 stores have been closed, due to Corona restrictions. This means that all Plantasjen’s stores in the Nordic region now are open.

“It is satisfying that all stores on our markets are now open as we enter our most important sales period of the year. I am extremely impressed by the way our employees have handled the uncertainty during this period. One example is the launch of our e-commerce. Our online sales have accelerated quickly during this period. The effort done by the whole team is great, and we will of course handle the reopening in a responsible way and in line with authority recommendations,” says Nina Jönsson, CEO of Plantasjen.

 

For further information, please contact:
Nina Jönsson, CEO of Plantasjen
+46 (0)720 774 420

Anders Slettengren, Head of business area Consumer at Ratos
+46 (0)725 898 900

 

About Ratos:
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2020, the companies have approximately SEK 34 billion in sales. Our business concept is to develop companies headquartered in the Nordics that are or can become market leaders. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.

 

 

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EURAZEO COMPLETES ITS INVESTMENT IN ULTRA PREMIUM DIRECT

Eurazeo

Eurazeo has completed its majority investment in Ultra Premium Direct, alongside co-founders Sophie and Matthieu Wincker and Eutopia, existing minority shareholder via Otium Consumer, which would reinvest in the transaction via its new fund.

As a leading player in the French premium pet food market, Ultra Premium Direct aims at democratizing premium pet food, distributing its products directly through its own website and subscription service, at an attractive price point. Focused on improving pet health and well-being Ultra Premium Direct develops high protein products in collaboration with veterinarian nutritionists in its owned industrial and R&D plant in Agen, South of France.

Eurazeo will invest 68 million euros to hold a majority stake in the company. It will represent Eurazeo’s Brands team second investment in Europe after the acquisition of Swedish brand Axel Arigato in November 2020.

ABOUT EURAZEO
Eurazeo is a leading global investment group, with a diversified portfolio of €21.8 billion in Assets Under Management, including €15.0 billion from third parties, invested in 450 companies. With its considerable private equity, private debt and real assets expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and by offering deep 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, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.
Eurazeo is listed on Euronext Paris.
ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

EURAZEO CONTACTS
Virginie Christnacht
HEAD OF COMMUNICATIONS vchristnacht@eurazeo.com
+33 (0)1 44 15 76 44
Pierre Bernardin
HEAD OF INVESTOR RELATIONS pbernardin@eurazeo.com
+33 (0)1 44 15 16 76

PRESS CONTACT
DAVID STURKEN
MAITLAND/AMO dsturken@maitland.co.uk+44 (0)7990 595 913

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Ardian begins exclusive negotiations to sell Solina to Astorg

Ardian

Paris, May 4, 2021 – Ardian, a world leading private equity house, has started exclusive negotiations with Astorg, to sell its stake in Solina, the leading European manufacturer of ingredient and seasoning blends for the food industry. Solina’s management will reinvest a significant part of their proceeds alongside Astorg.

Founded in 1988 and headquartered near Rennes, in France, Solina’s 2,250 employees serve more than 18,000 clients across 27 sites in Europe and Canada. The company conducts business in the resilient food solutions market and benefits from ongoing secular growth trends. These trends have been fueled by the recent shifts in global food consumption, which have led to a preference towards more premium and natural ingredients. Solina now boasts market leading positions across the countries it operates in, having built customer trust and loyalty  through superior customer service and R&D capabilities. Following nine completed add-ons during the partnership, the company has grown to become a European leader in its sector.

Since Ardian’s investment in Solina in 2015, the company has doubled in size. In the past years, the company has put sustainability at the core of its strategy and crafted a sustainability roadmap. This strategy includes extending the procurement policy to give more weight to health & safety concerns, securing the supply chain, ensuring quality, and addressing fair-trade concerns.

Bruno Ladrière, Managing Director at Ardian, commented: “We are proud to have been part of the development of this European champion. I would like to thank the management team for their forward thinking and ambitious external growth strategy which has led us to this great success. We wish them all the best for the years to come.”

Daniel Setton, Managing Director at Ardian, commented: “Thanks to the hard work and dedication of the management team and employees of Solina, the Group has transformed into a global leading sustainable and responsible player focused on the development of healthy innovative food-solutions. We are grateful for having been able to accompany Solina these past years and wish them many further successes.”

Anthony Francheterre, CEO of Solina, said: “We are delighted that Astorg has agreed to support our next stage of growth. We have a strong cultural fit with Astorg and we will continue this outstanding entrepreneurial adventure with them. Solina’s success is the result of a team effort that has allowed us to offer innovative solutions to our clients that have placed their trust in us for many years. We would like to thank Ardian for their support over the past five years.”

Eric Terré, Chairman of Solina, said: “We are enthusiastic about this opportunity to further grow our business and expand it worldwide. The teams have worked hard these last years to change the group and prepare it for the future, and we can see their passion and will to offer the best to our customers.”

François de Mitry, Managing Partner at Astorg, said: “We are very impressed by Solina’s management team, who has an outstanding track record, and has shown its ability to shape the industry by being at the forefront of innovation. especially regarding sustainability and healthy food ingredients. We have been following their journey for many years and witnessed their talent to acquire and welcome companies into the Solina group. We believe that this is the right strategy to bring more value to clients.”

Nicolas Marien, Partner at Astorg, added: “Solina is a fantastic success story and we are thrilled to become part of it. We are fully supportive of the management’s strategy to expand its activity in the US by leveraging its European know-how and expertise. This coincides with Astorg’s development in the US and Solina can count on Astorg’s global resources for their next chapter of growth.”

The terms of this transaction, which require workers’ council consultation and are subject to the approval of regulatory authorities, are not disclosed.

ABOUT ASTORG

Astorg is a global private equity firm with over €10 billion of assets under management. Astorg works with entrepreneurs and management teams to acquire market leading global companies headquartered in Europe or the US, providing them with the strategic guidance, governance and capital they need to achieve their growth goals. Astorg enjoys a distinct entrepreneurial culture, a long-term shareholder perspective, and a lean decision-making body enhancing its reactivity. Astorg has valuable industry expertise in healthcare, software, business-to-business professional services and technology-based industrial companies. Astorg has offices in London, Paris, New York, Frankfurt, Milan, and Luxembourg.

www.astorg.com

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$110bn managed or advised in Europe, the Americas and Asia. 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 700 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.

List of participants

  • Ardian

    • Bruno Ladrière, Daniel Setton, Alexis Manet, Anaïs Robin
    • M&A advisor: BNP Paribas (Alban Bouley, Marc Walbaum)
    • Legal advisor: Willkie Farr & Gallagher (Eduardo Fernandez, Hugo Nocerino)
    • Financial advisor: EY (Stéphane Seguin, Maxime Guth)

  • Astorg

    • François de Mitry, Nicolas Marien, Marco Aliprandi, Adrien Celdran
    • Legal advisor: Latham & Watkins (Thomas Forschbach, Alexander Crosthwaite)
    • Commercial and strategic advisor: Bain & Company (Andrea Gondekova)
    • Financial advisor: EY (Laurent Majubert, Marion Lassus Pigat)

  • Management

    • Legal advisors: Jeausserand Audouard

Press contact

ARDIAN – Headland

GREGOR RIEMANN

griemann@headlandconsultancy.co.uk Tel: +44 7920 802627

ASTORG – Publicis Consultants

STEPHANIE TABOUIS

stephanie.tabouis@publicisconsultants.com Tel :+33 6 03 84 05 03

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KKR Acquires Natural Pet Food Group

May 2, 2021

Investment to support Company’s growth in New Zealand and worldwide

CHRISTCHURCH, New Zealand–(BUSINESS WIRE)–

Natural Pet Food Group (the “Company”), a New Zealand-based premium pet food company, and KKR, a leading global investment firm, today announced the completion of KKR’s acquisition of Natural Pet Food Group. The investment will be used to support the Company’s international growth and advance its mission to supply safe, sustainably sourced high-meat pet food from New Zealand to more customers and their pets worldwide.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210502005040/en/

Neil Hinton, CEO of Natural Pet Food Group said, “My team is excited about the opportunities and connections that KKR can provide. Our business is about providing pet owners with the very best in natural, high-meat nutrition for the four-legged members of their families. KKR has an impeccable pedigree in our sector which will help us grow, develop new products and take our brands to new customers and new markets, all over the world.”

“It’s a great result not only for our company but also our supply partners, farmers and seafood suppliers from all over New Zealand and our manufacturing partners in Hawke’s Bay and Gisborne. We also recognize our outgoing shareholders, in particular Pioneer Capital, for their contribution over the years, which laid the foundation for this next exciting phase. This is another fantastic ‘paddock to plate’ New Zealand story that builds on our quality nutrition, safety and ethical credentials and the strong partnerships that underpin our business. KKR’s investment marks the next phase of our evolution and their support is a strong endorsement of the outlook for our business,” added Mr Hinton.

Pet owners around the world are increasingly seeking the highest-quality, low carbohydrate diets for their pets to improve their long-term health and wellness. Natural Pet Food Group brands provide pet owners with a variety of nutritious, 100% New Zealand made pet food produced from high-quality, locally sourced wholefood ingredients.

Michael Robson, Managing Director of KKR Capstone and joining member of Natural Pet Food Group’s Board of Directors, said, “Natural Pet Food Group is a pioneer in New Zealand’s sustainable pet food industry, with a strongly defined mission and set of values. We could not be more excited to work with Neil and his talented team to support the Company’s operations by leveraging KKR’s experience, network, and expertise to strengthen Natural Pet Food Group’s leadership in key markets and create opportunities in new ones. This investment also reflects KKR’s commitment to supporting fast-growing companies in New Zealand that are seeking opportunities to expand into new sectors, verticals, and markets.”

KKR will fund its investment from KKR Asian Fund IV. Additional details of the transaction are not disclosed.

About Natural Pet Food Group

Natural Pet Food is committed to providing premium, nutritious high-meat pet food through its market-leading dog and cat food brands: K9 Natural, Feline Natural, and Meat Mates. Developed by an in-house nutritional team, the Company’s pet food is produced from ethically sourced ingredients such as grass-fed and free-range meat, cage-free chicken, and sustainable seafood. Natural Pet Food Group was launched in 2006 and today serves customers globally in markets including New Zealand, Australia, China, Japan, US and Canada.

About KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Media:
Natural Pet Food Group
Louisa Doig
+64 21 912 384
ldoig@naturalpetfoodgroup.com

KKR Asia Pacific
Anita Davis
+852 3602 7335
Anita.Davis@kkr.com

KKR Americas
Cara Major or Miles Radcliffe-Trenner
+1 212-750-8300
Media@kkr.com

Citadel Magnus (for KKR in Australia & New Zealand)
James Strong
+61 2 8234 0100
jstrong@citadelmagnus.com

Source: KKR

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KKR to Sell The Bountiful Company to Nestlé for $5.75 Billion

KKR

April 30, 2021

Transaction completes transformation of The Bountiful Company into a Leading Global Nutrition Platform 

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced that Nestlé has agreed to acquire The Bountiful Company, a pure play branded leader in global nutrition, for $5.75 billion.

Under the terms of the agreement, Nestlé will acquire The Bountiful Company’s vitamin and supplement brands, Nature’s Bounty®, Puritan’s Pride®, Solgar® and Osteo Bi-Flex®, which will be integrated into Nestlé Health Science (NHSc) to create a global leader in vitamins, minerals and nutritional supplements.

“Today’s announcement recognizes the transformation of The Bountiful Company over the past 3+ years, as well as the collective value and capabilities of the organization. I am incredibly grateful to the 4,500 colleagues around the globe who have worked tirelessly to get us to this point,” said Paul Sturman, President and CEO, The Bountiful Company. “As a leader in global nutrition, we take seriously our responsibility and role in consumers’ health and wellness. We’re incredibly proud of the trusted brands we’ve built with the support of KKR and our other stakeholders.”

“Paul and the entire The Bountiful Company team have built a global portfolio of brands that are positioned for sustained growth, with a great culture of innovation, accountability and pace of change,” said Nate Taylor, Partner and Co-Head of Americas Private Equity at KKR. “We know that The Bountiful Company will add value to Nestlé and continue to enhance the health of the millions of consumers who use their products each and every day.”

“Since KKR’s investment, The Bountiful Company has transformed into a leading, fast growth, pure-play nutrition platform through significant investments in talent, brand building, R&D, eCommerce, and manufacturing capabilities,” added Felix Gernburd, Managing Director at KKR. “We’re immensely appreciative of everything Paul and the management team have done to build a unique company that is dedicated to bringing wellness to its communities and creating value for all of its stakeholders.”

KKR, primarily through its Americas XII Fund, acquired a majority interest in The Bountiful Company from The Carlyle Group in 2017. Carlyle Partners V and Carlyle Europe Partners III funds retained a minority stake in the company and are participating in the sale alongside KKR.

“We’re pleased to have partnered with the management team and KKR in this chapter of The Bountiful Company’s growth and are excited to see the business continue its journey with Nestlé,” said Jay Sammons, Head of Carlyle’s Global Consumer, Media and Retail team.

The Bountiful Company’s sports and active nutrition brands, Pure Protein®, Body Fortress® and MET-Rx®, as well as UK-based personal care brand, Dr.Organic®, and the Canadian over-the-counter (OTC) business, VitaHealth OTC, are not included in the sale.

The transaction is expected to close in the second half of 2021, subject to regulatory approvals and other customary closing conditions.

Evercore is acting as lead financial advisor and Simpson Thacher & Bartlett LLP as legal advisor to KKR. Morgan Stanley & Co. LLC and JP Morgan Securities LLC also served as financial advisors to KKR.

About The Bountiful Company
The Bountiful Company is a pure play branded leader in global nutrition, living at the intersection of science and nature. As a manufacturer, marketer and seller of vitamins, minerals, herbal and other specialty supplements, and active nutrition products, we are focused on enhancing the health and wellness of people’s lives. The Bountiful Company’s portfolio of trusted brands includes Nature’s Bounty®, Solgar®, Pure Protein®, Osteo Bi-Flex®, Puritan’s Pride®, Sundown®, Body Fortress®, MET-Rx®, Ester-C® and Dr.Organic®. For more information, visit Bountifulcompany.com and follow us on LinkedIn, Facebook and Twitter.

About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $260 billion of assets under management as of March 31, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,800 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.

The Bountiful Company
Nicole Hayes
+1 631-200-2650
nhayes@bountifulcompany.com

KKR
Cara Major or Miles Radcliffe-Trenner
+1 212-750-8300
media@kkr.com

The Carlyle Group
Brittany Berliner
+1 212-813-4839
brittany.berliner@carlyle.com

Source: KKR

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Eurazeo signs an exclusivity agreement with a view to investing in Aroma-Zone

Eurazeo

Eurazeo has signed an exclusivity agreement with a view to investing in Aroma-Zone, a pioneering French company making and distributing aromatherapy, natural DIY (Do-it-yourself) beauty and wellness products through a direct-to-customer online model.
Under the agreement, Eurazeo and its partners would invest around €410 million, becoming Aroma-Zone’s main shareholder alongside the founding Vausselin family, who would retain a significant stake in the company. The final terms of the deal would be announced on completion.

Aroma-Zone was set up in 1999 as a website providing information about essential oils, and has now turned into a leading online retailer that stands out by:
• making and distributing a wide range of natural DIY products and ingredients, with full transparency regarding the origin of their raw materials and their composition, and providing a large amount of information and educational content;
• offering the best quality at a fair price, based on end-to-end management of the supply chain: upstream through a network of almost 300 partners producing the raw materials, and downstream through direct sales to customers online;
• developing a loyal community of customers who recommend its products and play an active role in building the brand;
• adopting responsible and ethical business practices and a commitment to minimizing its environmental impact.

Aroma-Zone is based in Cabrières d’Avignon in Provence, employs more than 350 people and sells its products mainly online but also through a network of seven stores across France. The company is continuously innovating, inspired by constant interaction with its loyal community of customers. It has developed a unique offering of more than 1,900 products and 3,000 recipes, and currently addresses more than 2 million users per year.
Eurazeo would support Aroma-Zone with its growth strategy, providing access to its international network and expertise in the consumer goods and digital sectors. Eurazeo would help Aroma-Zone improve its online platform in France and develop it internationally, while continuing to open new stores.

About Eurazeo
• Eurazeo is a leading global investment group, with a diversified portfolio of €21.8 billion in assets under management, including €15 billion from third parties, invested in over 430 companies. With its considerable private equity, real estate and private debt expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and 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, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.
• Eurazeo is listed on Euronext Paris.
• ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

EURAZEO CONTACTS

PIERRE BERNARDIN
HEAD OF INVESTOR RELATIONS
email: pbernardin@eurazeo.com
Tel: +33 (0)1 44 15 16 76

VIRGINIE CHRISTNACHT
HEAD OF COMMUNICATIONS
mail: vchristnacht@eurazeo.com
Tel: +33 (0)1 44 15 76 44

PRESS CONTACT
MAITLAND/amo
DAVID STURKEN
mail: dsturken@maitland.co.uk
Tel: +44 ( 7990 595 913

 

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Fletcher Hotels embarks on next growth phase with new owner Egeria

Egeria

Nieuwegein, April 22, 2021 – The shareholders of Fletcher Hotels have agreed to sell a majority stake to the Amsterdam-based investment company Egeria. NIBC and Xead are selling their shares and the Fletcher management will remain as shareholders. Egeria’s hands-on involvement and experience of international expansion will enable Fletcher Hotels to enter a new growth phase, building on a healthy and stable foundation.

Rob Hermans, CEO of Fletcher Hotels, said: “We’re grateful to NIBC and Xead for their financial support over the past years, which helped Fletcher to grow into the largest hotel chain in the Netherlands. Fletcher is a healthy business with enormous growth ambitions. Last year was a particularly difficult year for Fletcher Hotels, but with the end of the coronavirus restrictions in sight we’re seeing occupancy rise again and we’re confident that we have a very good summer ahead of us. With Egeria we’ll have an entrepeneurial shareholder on our side who will help us to continue fulfilling our growth ambitions. Even last year Fletcher achieved growth, adding a further four hotels. Together with Egeria I’m looking forward to making our business even larger, healthier and more successful.”

Mark Wetzels, Partner of Egeria, said: “We’re particularly impressed by the business built by the Fletcher team and we have the utmost confidence in the future. We’re therefore delighted to be able to contribute to the next phase of Fletcher Hotels as a new shareholder. The hotel chain is a well-managed business that has achieved controlled growth in recent years, with an estate now comprising more than a hundred hotels. We’re impressed by the entrepreneurial sprit in the hotels and among the staff, who have always been on hand to assist guests despite these immensely tough times. With our knowledge, expertise and network we aim to contribute to the hotel chain’s further professionalisation and growth ambitions jointly with the Fletcher team.”

Brigitte van der Maarel, NIBC Investment Partners, said: “We’re proud to have supported Fletcher’s growth as a minority shareholder. We’re delighted that the company will remain in Dutch hands and can continue to fulfil its growth ambitions.”

Fletcher Hotels aims to grow to more than 150 hotels in the Netherlands in the years ahead and also has international expansion ambitions. Since its inception the chain has operated a large number of hotels on the Dutch coast and in countryside areas, welcoming tourists from the Netherlands and abroad. With their restaurants the Fletcher hotels also fulfil a regional function in many cases. The transaction is subject to approval by ACM. The works council has already issued a positive advice.

About Fletcher Hotels
A long-standing Dutch company, Fletcher Hotels is the largest hotel chain in the Netherlands, with 103 hotels. The properties are all unique and situated in the most attractive locations in the Netherlands. Fletcher’s hotels are located particularly in forests, on the coast and near nature reserves or amusement parks. As well as accommodation, the hotels provide various facilities such as fully-equipped wellness resorts, football pitches, bowling alleys and tennis courts and a range of modern restaurant concepts including De Kromme Dissel, which was awarded a Michelin star in 2021 for the 50th year in succession.

About Egeria
Established in 1997, Egeria is an independent Dutch investment company focused on medium-sized enterprises. Egeria invests in healthy businesses with an enterprise value of between EUR 50 million and EUR 350 million. Egeria believes in building businesses jointly with enterprising management teams (Boldly Building Together). Egeria Private Equity Funds has interests in 11 companies in the Netherlands and Germany, while Egeria Evergreen has investments in 6 companies. Egeria’s portfolio companies generate combined revenues of more than EUR 2 billion and employ almost 10,000 people. Other activities include Egeria Real Estate Investments, Egeria Real Estate Development and Egeria Listed Investments. In 2018 Egeria launched Egeria Do, a corporate giving programme that supports projects in the world of art, culture and society, but also within its investee companies.

About Xead Group
Xead Group is a Luxembourg-based investor specialising in hotels and travel technology. Xead Group provides medium-term growth capital through shareholdings and co-investments.

About NIBC Investment Partners
NIBC Investment Partners is part of NIBC Bank and demonstrates the enterprising character of NIBC Bank by acquiring minority shareholdings in medium-sized companies, real-estate developments and infrastructure projects. NIBC Investment Partners works closely with the management and shareholders on the basis of a long-term partnership to help fulfil their growth ambitions. As a genuine partner the team can play an active role in creating value and tackling strategic and financial challenges. The 14-strong team of professionals operates from The Hague and has direct minority interests in 19 Dutch companies.

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SI Foods agrees partnership with CVC Capital Partners

CVC Capital Partners

The current SI Foods owners will remain active shareholders and will continue to manage Dodoni, its subsidiaries and its operations

SI Foods Ltd, the majority shareholder of Dodoni SA (“Dodoni”) and CVC Capital Partners VII (“CVC Fund VII”) have agreed to the joint ownership of SI Foods Holding Ltd (“SIF”) whereby CVC Fund VII will hold a majority interest.

The current SI Foods owners will remain active shareholders and will continue to manage Dodoni, its subsidiaries and its operations. The partnership will leverage SIF, and Dodoni, as a platform to grow the presence in particular in the specialty cheese and related sectors through investments and possibly acquisitions in Greece and abroad.

In 2012, Dodoni, the leading Greek dairy and best-selling Greek Feta PDO brand, was privatised by the Greek State and sold to SI Foods Ltd, a group of private investors, including the partners of Lime Capital Partners Ltd. Since its privatisation, the subsequent owners have significantly restructured Dodoni investing in its production facilities, organisation and sales and marketing. As a result, Dodoni’s revenues have almost doubled with about 50% being generated through exports. Since 2012, Dodoni has provided strong support for the primary economy, increasing the number of permanent employees from 270 to over 600 in Greece and having paid more than €0.5 billion to its farmers.

CVC Capital Partners (“CVC”) is a leading private equity and investment advisory firm with a network of 23 offices throughout Europe, Asia and the US. Funds managed or advised by CVC (“CVC Funds”) are invested in over 90 companies worldwide, employing more than 450,000 people.

CVC Funds are also one of the most active investors in Greece with a dedicated team in Athens which has invested or committed more than €1 billion of equity since 2017, including in Hellenic Healthcare Group, e-Travel, Skroutz, D-Marin and Vivartia, as well as recently agreeing the acquisition of Ethniki Insurance.

Tom Seepers, CEO of Dodoni stated: “We are proud to enter into this exciting partnership with CVC enabling us to take the next step in our long-term strategy to transform Dodoni. The current shareholders and management of Dodoni remain committed to their long-term strategy of growing the company and providing stability and security to its suppliers and employees. With CVC we have secured a strong partner with a focus on sustainable value creation, who shares our focus on ESG  and can enable us to accelerate the future development of Dodoni.”

SI Foods is being advised by KBVL, Ionian Capital and Eveda Capital.

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Third largest European plant based producer Vivera acquired by JBS S.A.

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April 19, 2021 Purchase of Vivera, Europe’s third-largest plant-based protein producer thrusts JBS into the plant protein market; the €341 million deal includes 3 manufacturing units and a research and development center in The Netherlands.
São Paulo – JBS, the world’s largest protein company and second-largest food producer, has entered into an agreement to purchase Vivera, Europe’s third-largest plant-based food produced, for an enterprise value of €341 million. Vivera develops and produces a broad range of innovative plant-based meat replacement products for major retailers in over 25 countries across Europe, with relevant marketshare in The Netherlands, the United Kingdom and Germany. The deal includes three manufacturing units and a research and development center located in The Netherlands.
The acquisition of Vivera strengthens and boosts JBS’ global plant-based products platform. Strong growth is expected in this category throughout global markets. The deal will add a brand to JBS’ portfolio that is well-established in consumer preference, strengthening the Company’s focus on value-added products.
Vivera, currently the largest independent plant-based company in Europe, will join other JBS initiatives such as Seara’s, Incrível range, a market leader in plant-based hamburgers, and Planterra, with the OZO brand in the United States.
“This acquisition is an important step to strengthen our global plant-based protein platform”, said Gilberto Tomazoni, Global CEO of JBS. “Vivera will give JBS a stronghold in the plant-based sector, with technological knowledge and capacity for innovation”.
To nurture its entrepreneurial spirit JBS plans to manage Vivera as a standalone business unit with its current leadership team to remain in place. “Joining forces with JBS gives us access to significant resources and capabilities to accelerate our current strong growth trajectory and Vivera brand expansion”, said Willem van Weede, CEO, Vivera.
The deal was approved by the JBS board of directors and will be concluded after approval by the antitrust authorities. full details Read more at: https://gilde.com/news/2021/third-largest-european-plant-based-producer-vivera-acquired-by-jbs

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