Diana Ingrédients, a global supplier of natural ingredients for the food and pharmaceuticals industries, has sold its subsidiary, BCF (headquartered in Morbihan, France) for an enterprise value of EUR 25.5m through an MBO led by financing group, Groupe Siparex. The sale represents a continuation of Diana Ingrédients’s focus on its core natural extracts and pet food enhancers business.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio