
AXA PE-backed DIANA acquires US bolt-on
AXA Private Equity-backed nutrition specialist DIANA has acquired US-based Pacific Pure Aid as part of its international growth strategy.
It has bought the Oregon-headquartered business for an undisclosed sum and stated that the acquisition will enable it to extend its range of natural flavourings, set up North American operations and strengthen its formulation expertise.
Company
Pacific Pure Aid is based in Silverton, Oregon, and was set up as a joint venture by Givaudan and Myron Root & Company. It manufactures natural vegetable extracts and concentrates for various applications in the agri-food industry including soups, ready meals and snacks.
Pacific Pure Aid employs 30 permanent staff and generated a turnover of $10m in 2011.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater