M&A Deal Summary

Frutarom Industries Acquires Chr. Hansen A/S

On June 21, 2009, Frutarom Industries acquired food company Chr. Hansen A/S from PAI Partners and Ardian for 7M USD

Acquisition Highlights
  • This is Frutarom Industries’ 14th transaction in the Food sector.
  • This is Frutarom Industries’ 21st largest (disclosed) transaction.
  • This is Frutarom Industries’ 1st transaction in Denmark.

M&A Deal Summary

Date 2009-06-21
Target Chr. Hansen A/S
Sector Food
Buyer(s) Frutarom Industries
Sellers(s) PAI Partners
Ardian
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Chr. Hansen A/S

Horsholm, Denmark
Chr. Hansen Holding A/S develops, produces and markets unique and innovative savory solutions (the non-sweet taste spectrum), including flavors, seasoning compounds and functional ingredients for the food industry, with special emphasis on the fields of processed meat and convenience food.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Frutarom Industries

Haifa Bay, Israel

Category Company
Founded 1933
Sector Consumer Products
Employees3,100
Revenue 820M ILS (2014)
DESCRIPTION

Frutarom Industries Ltd. is a global company operating in the global flavors and natural fine ingredients markets. Frutarom has significant production and development centers on six continents and markets and sells over 70,000 products to more than 30,000 customers in over 150 countries. Frutarom’s products are intended mainly for the food and beverages, flavor and fragrance extracts, pharmaceutical, nutraceutical, health food, functional food, food additives and cosmetics industries.


DEAL STATS #
Overall 16 of 53
Sector (Food) 14 of 45
Type (Add-on Acquisition) 13 of 42
Country (Denmark) 1 of 1
Year (2009) 2 of 2
Size (of disclosed) 21 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-04 American Company Flavors Specialties

United States

American Company Flavors Specialties, Inc. is a flavor and botanical extracts company that develops, produces and markets flavors and botanical extracts mainly for the food and beverage industry. FSI has a production site in Corona, California, in the Western Coast of the US and it employs some 38 employees. FSI's broad customer base includes leading food and beverage manufacturers in its countries of operation.

Buy $17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-26 Rieber Industrial Spices Savory

Norway

Rieber Industrial Spices Savory engages in the development, manufacture, and marketing of savory taste solutions (the non-sweet taste spectrum). Its product line includes flavors, seasoning compounds, and functional ingredients for the food industry, with a specialization in the processed meat, fish, and convenience food sectors.

Buy $4M

Seller(S) 2

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 13 of 50
Sector (Food) 4 of 9
Type (Add-on Acquisition) 5 of 18
Country (Denmark) 1 of 1
Year (2009) 1 of 3
Size (of disclosed) 20 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 The Xella Group

Duisburg, Germany

The Xella Group is an international solution providers in the field of building and insulation materials. Xella is the parent company of such well-known brands as Ytong, Silka, Hebel, and Multipor, and is one of the pioneers in digitally supported construction processes with its digital planning service blue.sprint.

Buy €1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Saeco International Group

Gaggio Montano, Italy

Saeco is the leading European automatic espresso coffee machines manufacturer. Saeco designs, manufactures and distributes espresso coffee machines (manual or automatic) for home and professional use both under its own brands ('Saeco', 'Gaggia' and 'Spidem') and on behalf of third party.

Sell -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 19 of 223
Sector (Food) 2 of 10
Type (Add-on Acquisition) 4 of 52
Country (Denmark) 1 of 2
Year (2009) 1 of 2
Size (of disclosed) 34 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-19 Wood Mackenzie

London, United Kingdom

Wood Mackenzie is a provider of commercial intelligence for the energy, metals, and mining industries, The company provides objective analysis and advice on assets, companies, and markets, giving clients the insight they need to make better strategic decisions. Wood Mackenzie was formed in 1973 and is based in London.

Buy £520M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-06 INDOM SAS

Paris, France

Indom is the French registrar, offering businesses, professionals and industrial property advisers a comprehensive range of value-added services. Indom is ICANN certified.

Buy -