M&A Deal Summary

Symrise Acquires Diana S.A.S.

On April 12, 2014, Symrise acquired food company Diana S.A.S. from Ardian for 1.3B EUR

Acquisition Highlights
  • This is Symrise’s 1st transaction in the Food sector.
  • This is Symrise’s largest (disclosed) transaction.
  • This is Symrise’s 1st transaction in France.

M&A Deal Summary

Date 2014-04-12
Target Diana S.A.S.
Sector Food
Buyer(s) Symrise
Sellers(s) Ardian
Deal Type Add-on Acquisition
Deal Value 1.3B EUR

Target

Diana S.A.S.

Vannes Cedex, France
Diana Ingredients is the global natural ingredients supplier for the pet food and food & beverage industry.

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Buyer(S) 1

Buyer

Symrise

Holzminden, Germany

Category Company
Founded 1874
Sector Chemicals
Employees12,656
Revenue 4.7B EUR (2023)
DESCRIPTION

Symrise is a producer of flavours, fragrances, cosmetic ingredients and aroma chemicals in the world. Symrise was founded in 1874 and is based in Holzminden, Germany.


DEAL STATS #
Overall 6 of 14
Sector (Food) 1 of 5
Type (Add-on Acquisition) 5 of 10
Country (France) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-27 Trilogy Fragrances

Lakewood, New Jersey, United States

Symrise PureScents manufactures traditional, natural, and organic fragrances.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Pinova

Brunswick, Georgia, United States

Pinova, Inc. is a manufacturer of specialty chemical products derived from pine trees and citrus fruit peels. Pinova produces rosin and terpene based resins that are used in a wide range of specialty applications around the world, including food and beverage, adhesive, construction and agriculture.

Buy $417M

Seller(S) 1

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 87 of 221
Sector (Food) 4 of 10
Type (Add-on Acquisition) 25 of 52
Country (France) 43 of 106
Year (2014) 5 of 14
Size (of disclosed) 9 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Bravofly SA

Chiasso, Switzerland

Launched in 2004, Bravofly is a major player in the European online booking market. With its user-friendly interface and advanced technology, the company offers its customers a powerful research and comparison engine to book flight tickets on low-cost and traditional airlines. In 2010, the company is a major European online player with one of the broadest offer ranges in flight and travel-related markets through its websites bravofly.fr, bravofly.de, bravofly.co.uk, bravofly.es, bravofly.com, volagratis.it and viaggiare.it.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-15 lastminute.com

Amsterdam, Netherlands

lastminute.com is an online travel agency, or OTA. Its web and mobile platforms enable consumers to easily search for, compare and book flights with both traditional airlines and low cost carriers, as well as hotel accommodation, package holidays, cruises, rental cars and other travel-related products and services. lastminute.com group was founded in 2004 and is based in Amsterdam, Netherlands.

Sell -