
Corpfin sells Secna to EQT's Chr Hansen
Corpfin Capital has sold Secna Natural Ingredients to Chr Hansen Natural Colors, a portfolio company of private equity firm EQT.
The sale ends a six-year holding period for Corpfin, which bought a 51% stake in the company via its €255m Corpfin Capital Fund IV in an MBO. Under Corpfin's ownership, the business boosted its international presence, expanded its customer base and developed new products.
This is the first add-on inked by Chr Hansen following EQT's acquisition. The GP carved out the Natural Colors division of Danish bioscience company Christian Hansen (Chr Hansen) for €800m in September 2020. The GP is deployed equity from EQT IX, which closed on €15.6bn in April 2021.
Headquartered in Denmark, Natural Colors is a manufacturer of natural colouring ingredients, serving 1,600 customers in the food and beverages industry. Employing 650 people, the company generates EBITDA of €50m from annual revenues of around €225m.
With this bolt-on, Chr Hansen plans to further bolster its market position in the natural colours industry and expand its product offering with the addition of Secna's pigment portfolio, which includes anthocyanins from plants and fruit.
Company
Based in Valencia, Secna specialises in the production of dyes from natural ingredients, such as grapes, carrots and caramel, for the food industry.
The business employs 100 staff across its branches and production facilities located in Spain, Italy and Turkey.
People
Secna – Gabriel Muñoz (CEO).
Chr Hansen Natural Colors – Odd Erik Hansen (CEO).
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