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New Deal


Announced

Ardian-backed Frulact to acquire the fruit preparation business of IFF.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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France

Switzerland

Pending

Private

Private Equity

fruit processing

Acquisition

Cross Border

Germany

Fruit and Grain Processing

Friendly

Single Bidder

Majority

Synopsis

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Ardian-backed Frulact, a producer of added valued ingredients for the food and beverage industry, agreed to acquire the fruit preparation business of IFF, a global creator of flavors and fragrances for consumer products. Financial terms were not disclosed. The divestiture is expected to close in the third quarter 2021, pending customary closing conditions, including regulatory approvals.

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