Sarabel to acquire a 29.53% stake in B&S Group for €153m.

Sarabel, an investment firm primarily focused on providing growth capital to ambitious, international companies, offered to acquire a 29.53% stake in B&S Group, a Luxembourg-based global distributor of consumer goods, for €153m. "We believe it is in the best interest of B&S to be privately held. This ownership structure will also expedite the implementation of the strategy towards autonomous and accountable segments. Furthermore, in the last 2.5 years we have learned that given the B&S’s culture and business model, unity of leadership is important to execute on the strategy," Peter van Mierlo, B&S CEO, and Derk Doijer, B&S Chair.