
Gilde backs BIMBO of ISFI
Gilde Equity Management Benelux has supported the buy-in management buyout (BIMBO) of International Spice and Food Import (ISFI), a Belgian provider of spice products.
The company's management, including the son of founder Anne-Marie Stevens, acquired ISFI alongside entrepreneur Davy De Muyer and Gilde.
De Muyer and Gilde have previously worked together on the €60m buyout of Belgium-based Hamal Signature in November 2006. De Muyer has become the new CEO of ISFI following the deal.
Company
ISFI was founded in 1982 and is headquartered in Braine-l'Alleud. It produces herb and spice products, which are stocked in supermarkets.
The company claims it commands a 40% share of the herbs and spices market in Belgium.
People
Davy De Muyer is the new CEO of ISFI.
Advisers
Equity - PwC, Lieven Adams, Didier de Smet, Dimitri Claes, Martijn de Meulemeester, Nancy de Beule, Florian Jacob Feuerborn, Jolien Van Landeghem (Financial due diligence, tax); Linklaters, Paul Van Hooghten, Tim Vandorpe, Jae Suk Van Wijngaarden, Mystica Van Belle (Legal); Baker McKenzie, Michael Van Den Acker (Legal); Laurius, Dirk Wellens, Stefaan Wauman (Legal); ERM, Ruud Klein, Ronald Ruijter, Mieke Priem, Pia Verhofstede (Corporate finance); Irias, Jan de Mulder, Steven Van Keer (Insurance due diligence); Spring Associates, Ebel Kemeling, Judith Wierenga (Environmental due diligence).
Vendors - Fairfield Partners, Vartan Ibranyan, Leonardo Stortini (M&A); De Le Court, Wahis & Associés, Antoine De Le Court, Axelle Steurs (Legal).
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