International Flavors & Fragrances has begun preparations to offload its food ingredients division Frutarom Savory Solutions (FSS) in a sale process expected to attract some of private equity’s richest dealmakers, two sources familiar with the matter said.
Majority investment from THL Partners sees Verdane retain a minority stake in the Swedish company
GP to acquire majority stake via Fund VIII; German group’s founders to reinvest in the deal
German GP’s new vehicle will be slightly larger than its predecessor, which is set to complete deployment in two years
Italian GP has received EUR 230m in commitments to date for Fund V against a EUR 250m hard-cap