M&A Deal Summary

GIMV Acquires Spice Factory

On February 20, 2025, private equity firm GIMV acquired food company Spice Factory from Gilde Equity Management

Acquisition Highlights
  • This is GIMV’s 8th transaction in the Food sector.
  • This is GIMV’s 50th transaction in Belgium.

M&A Deal Summary

Date 2025-02-20
Target Spice Factory
Sector Food
Buyer(s) GIMV
Sellers(s) Gilde Equity Management
Deal Type Secondary Buyout

Target

Spice Factory

Braine-l'Alleud, Belgium
Spice Factory specializes in selecting, blending and packaging high quality herbs & spices. It supplies a broad range of private label herbs & spices to the retail, food service and industrial channels. Spice Factory was founded in 1982 and is based in Braine-l'Alleud, Belgium.

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Buyer(S) 1

Buyer

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 167 of 170
Sector: Food M&A 8 of 8
Type: Secondary Buyout M&A Deals 27 of 28
Country: Belgium M&A 50 of 50
Year: 2025 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-03 RoboJob

Heist-op-den-Berg, Belgium

RoboJob is specializing in CNC automation, offering standard solutions for loading and unloading CNC machines. RoboJob was founded in 2007 and is based in Heist-op-den-Berg, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-05 Ambulantis

Berlin, Germany

Ambulantis is a care provider, committed to enabling people in need to lead a fulfilling life in their own home or shared apartment. The company offers nursing care including outpatient care, day care, care in assisted living facilities and residential care communities. Ambulantis is based in Berlin, Germany.

Buy -

Seller(S) 1

SELLER

Gilde Equity Management

Houten, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gilde Equity Management Benelux (GEM) is a unit of Gilde Investment Management, a Dutch investment firm. Gilde Equity Management (GEM) is a generalist investor, focusing on buyouts of mid-market growth companies valued between €20 and €200 million. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. Gilde looks for investments across the Benelux region. GEM was formed in 1992 and is headquartered in Houten, the Netherlands.


DEAL STATS #
Overall 31 of 31
Sector: Food M&A 9 of 9
Type: Secondary Buyout M&A Deals 10 of 10
Country: Belgium M&A 6 of 6
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Dunlop

Raalte, Netherlands

Dunlop serves professionals in the agriculture & fishery, food processing, functional leisure, industry, and oil, gas & mining sectors. The company boots guard workers against slips, trips, and falls while providing comfort and functionality in harsh operating environments. Dunlop Protective Footwear is based in Raalte, Netherlands.

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