Cinven invests in Barentz

Unquote understands that this is the last investment made by Cinven via its sixth fund, which closed on €7bn in June 2016 and is now fully deployed. In addition to the equity from the fund, a debt package composed of a term loan B and a revolving credit facility was provided to support the acquisition of Barentz.

Cinven launched a new buyout vehicle in 2018, Seventh Cinven Fund, which held a final close on €10bn in May 2019, exceeding its €8bn target. The fund focuses on European buyouts and selective North American investments, and targets six main sectors: business services, consumer, financial services, healthcare, industrials, telecommunications, media and technology. It plans to make 10-12 deals and deploy equity tickets from €200m.

The fund has already inked its first investment in life sciences supplies provider LGC, which was acquired by a consortium of Cinven, Astorg and the Abu Dhabi Investment Authority for £3bn earlier this month.

Cinven intends to boost Barentz's growth, both organically and through integrating acquisitions, as well as expand its operations into new geographies, and invest in its infrastructure and R&D capabilities.

Company
Established in 1953 and headquartered in Hoofddorp, Barentz is a speciality ingredients producer and distributor for the food, pharmaceutical, personal care and animal nutrition markets.

The company sources branded speciality ingredients from manufacturers worldwide and provides pre-mixing, blending, ingredient formulation and ingredient testing in its state-of-the-art production facilities based in Europe, North America and Asia.

Barentz has operations in more than 60 countries with a strong presence in Europe and Asia, and a growing presence in North America and Latin America. It employs 1,100 staff, sources ingredients from 1,000 suppliers and serves 15,000 customers. Unquote understands that the company generates revenues of around €1bn. 

People
Cinven – Ben Osnabrug (partner).
Barentz – Hidde van der Wal (CEO).

Advisers
Equity – 1602 Capital Partners (corporate finance).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Benelux
• Consumer
• Cinven
• Netherlands