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 2nd 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

Buyer

Kingswood Capital Management

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
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 16 of 19
Sector (Food) 2 of 3
Type (Divestiture) 6 of 8
Country (Netherlands) 1 of 1
Year (2024) 3 of 6
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 PATCO Products

Dolton, Illinois, United States

PATCO Products is a provider of emulsifiers for a diverse set of end markets, including food products, polymer additives, pet foods, personal care, and pharmaceuticals. PATCO Products is based in Dolton, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-27 Save Mart

Modesto, California, United States

Save Mart operates approximately 200 Save Mart, Lucky California, and FoodMaxx stores in the California Central Valley and Northern Nevada. Save Mart also operates SMART Refrigerated Transport and is a partner in Super Store Industries ("SSI"), which owns and operates a distribution center in Lathrop, and the Sunnyside Farms dairy processing plant in Turlock. Save Mart is based in Modesto, California.

Sell -

Seller(S) 1

SELLER

Corbion

Amsterdam, Netherlands
Category Company
Founded 1919
Sector Food
Employees2,727
Revenue 1.4B EUR (2023)
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 3 of 3
Sector (Food) 3 of 3
Type (Divestiture) 3 of 3
Country (Netherlands) 1 of 1
Year (2024) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 PATCO Products

Dolton, Illinois, United States

PATCO Products is a provider of emulsifiers for a diverse set of end markets, including food products, polymer additives, pet foods, personal care, and pharmaceuticals. PATCO Products is based in Dolton, Illinois.

Sell -
Mergr

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