AXA Private Equity's Sfinc acquires JADICO
AXA Private Equity's portfolio company Sfinc, a Belgian manufacturer of ingredients for the food processing industry, has acquired Netherlands-based JADICO.
Following the transaction, Sfinc's revenues will grow to approximately €70m.
AXA Private Equity acquired Sfinc for an undisclosed amount from Belgian investor Gimv in December 2008. The banking consortium consisting of ING, KBC and Fortis that had backed the original buyout is said to have renewed its support for this merger.
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