Eurazeo's Iberchem buys Versachem

Alessia Argentieri
08 May 2018

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Eurazeo-backed Spanish fragrance and flavouring producer Iberchem has acquired a majority stake in South Africa-based Versachem, which specialises in developing and manufacturing flavours and colours for the food industry.

Following the deal, Versachem founder and CEO Rina Wulfsohn will retain a minority stake in the business.

The acquisition will bolster the expansion of the group's flavouring and fragrance division within a key market, according to a statement.

In July 2017, French listed buyout house Eurazeo acquired Iberchem from private equity house Magnum Capital Industrial Partners, in a deal that valued the business at €405m.

Company
Founded in 2006 and headquartered in Pretoria, Versachem specialises in producing flavours and colours for the food industry in sub-Saharan Africa.

People
Iberchem – Ramón Fernández (CEO).
Versachem – Rina Wulfsohn (co-founder, CEO).

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