Gimv to acquire a majority stake in The Spice Factory from Gilde Equity Management.

Gimv, a Belgium-based European private equity firm, greed to acquire a majority stake in The Spice Factory, a Belgian manufacturer of private label and branded herbs and spices, from Gilde Equity Management, a private equity firm that invests in food, manufacturing, and business services sectors. Financial terms were not disclosed. "This acquisition is a first step in putting to work the capital Gimv recently raised, supporting Gimv consumer’s strategy to invest in leading consumer businesses with strong growth potential to scale internationally and further enhance their market differentiation," David De Peuter, Gimv Partner and Laurens Boriale, Gimv Principal.