Ardian's Solina buys Supremia

Solina was originally created in 2012 through the merger of French business Savena and Belgian food producer Sfinc. It was acquired by Ardian from IK Investment Partners in 2015. Solina then bolted on British sauce producer New Ivory in 2016.

Through this acquisition, Ardian and Solina will continue their strategy of external growth in the European food industry.

The current management team will remain in place at the company after the acquisition.

Company
Supremia was founded in 2000 and is headquartered in Alba Lulia. It produces food ingredients and spices, and is is active in eastern and western Europe as well as the Nordic region. It currently employs more than 300 people and recorded sales of €52.1m in 2016.

People
Ardian – Bruno Ladrière, Mathieu Antonini (managing directors); Daniel Setton (managing partner); Emmanuel Miquel, Alexis Manet (senior investment managers).
Solina – Eric Terré (chairman); Laurent Weber (CEO); Bertrand Vaz (CFO).
Supremia – Levente Hugo Bara (CEO).

Advisers
Equity – PwC (corporate finance); D&B (legal).
Vendor – KPMG (corporate finance); Bogdan Puju Law Office (legal).

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• Topics
• Portfolio management
• CEE
• Consumer
• CEE
• Romania
• Ardian (formerly Axa PE)
• Build-up