M&A Deal Summary

Kingswood Capital Management Acquires Corbion - Emulsifier Business

On April 2, 2024, private equity firm Kingswood Capital Management acquired food company Corbion - Emulsifier Business from Corbion for 362M USD

Acquisition Highlights
  • This is Kingswood Capital Management’s 1st transaction in the Food sector.
  • This is Kingswood Capital Management’s largest (disclosed) transaction.
  • This is Kingswood Capital Management’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2024-04-02
Target Corbion - Emulsifier Business
Sector Food
Buyer(s) Kingswood Capital Management
Sellers(s) Corbion
Deal Type Divestiture
Deal Value 362M USD

Target

Corbion - Emulsifier Business

Amsterdam, Netherlands
Corbion’s Emulsifier Business offers a diverse emulsifier portfolio utilizing a range of fat and oil sources to help the company customize functionality in the end application.

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Buyer(S) 1

DESCRIPTION

Kingswood Capital Management is an operationally focused private equity firm focused on complex situations throughout North America. The Firm targets control positions in middle-market companies with revenues of $100 to $500 million. Sectors of interest include business services, consumer, retail, energy, industrials, technology, media, communications, and value-added distribution. Kingswood Capital Management was established in 2013 and is based in Los Angeles, California.


DEAL STATS #
Overall 15 of 15
Sector (Food) 1 of 1
Type (Divestiture) 5 of 5
Country (Netherlands) 1 of 1
Year (2024) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Progress Lighting

Greenville, South Carolina, United States

Progress Lighting provides a source for residential and light commercial decorative lighting solutions with thousands of fixture designs to meet the needs of any project. The Company offers quality lighting products and solutions that deliver aesthetic appeal, stellar performance, easy installation, and value to the residential new construction and renovation & remodel end markets. Progress Lighting is based in Greenville, South Carolina.

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Seller(S) 1

SELLER

Corbion

Amsterdam, Netherlands

website


Category Company
Founded 1919
Sector Food
Employees2,493
Revenue 1.1B EUR (2021)
DESCRIPTION

Corbion is engaged in the production and supply of biobased food ingredients and biochemicals. The Company delivers biobased products made from renewable resources and applied in global markets like bakery, meat, culinary, pharma, home and personal care, and resins. Corbion was founded in 1919 and is based in Amsterdam, the Netherlands.


DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Divestiture) 2 of 2
Country (Netherlands) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Granolife

Santiago de Querétaro, Mexico

Granolife provides Nutrition, Biotechnology, and New Technologies to improve the quality of food and contribute to people's health. Granolife was founded in 2002 and is based in Santiago de Querétaro, Mexico.

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