Tag Archives: Consumer brands

Bridgepoint agrees sale of investment in Dorna Sports to Liberty Media

Bridgepoint

Bridgepoint today announced the sale of its investment in Dorna Sports S.L. to Liberty Media in a transaction which values the company at €4.2 billion.

Dorna is the international sports management, media and marketing company which holds the global rights to organise the MotoGP and WSBK Championships, which together represent the two pre-eminent motorcycle racing series in the world. Bridgepoint has been an investor in the business since 2006.

The transaction represents a full realisation of Bridgepoint’s existing stake along with that of Canada Pension Plan Investment Board (‘CPP Investments’) and management, to Liberty Media, which holds the exclusive commercial rights for the FIA Formula One World Championship.

William Jackson, chairman of Bridgepoint Group plc and of Dorna Sports S.L. said: “We’re proud to have partnered with Dorna and its management team for the past 18 years during which time Moto GP has become one of the true global sports brands and enjoys huge success. The partnership has seen MotoGP grow its fan base across five continents and become the world’s most exciting sport.”

The transaction is subject to customary conditions and regulatory approvals. The transaction is expected to complete later in 2024.

Advisers for Bridgepoint included: Financial – Moelis (company, Bridgepoint, CPP); Morgan Stanley (CPP); Legal – Latham & Watkins; Garrigues (management); Uria (company); Accounting – Deloitte; Tax – EY.

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Litorina sells KungSängen to a consortium

Litorina
  • Litorina has signed an agreement to divest KungSängen, a leading direct-to-consumer bed specialist in Sweden, to a consortium with main financier being KAMJO Design & Hantverk.
  • KungSängen’s position in the market has been strengthened during Litorinas ownership by many improvements, such as modernizing the physical showrooms and improving e-commerce, integrated to enable true OMNI-channel experience.
  • KungSängen has been affected by several aspects related to the general economic development and downturn during last two years. The company has adapted to these changes and made the operations more resilient going forward, while continuing to deliver high-quality products and services to its customers.
  • The sale of KungSängen marks the 9th exit for the Litorina IV fund.
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Hendi announces partnership with 365 Capital to accelerate European growth in the coming years

365 Capital

Hendi, founded in 1934, is a European distributor of non-food catering supplies and kitchen equipment for the professional kitchen. Hendi has a wide range of ~4,500 mostly in-house designed products across ~20 different product groups (ranging from small kitchen accessories to large electrical appliances) and sells its products under its own brand. Hendi sells its products through an extensive network of distributors and renowned wholesalers to professionals in more than 60 countries. Hendi generated >€150m revenue in 2023 and serves its customers with ~400 employees from offices in eight countries (Netherlands, Poland, Austria, Italy, Romania, Spain, Greece and Hong Kong) and distribution centres in six countries (Netherlands, Poland, Austria, Romania, Spain and Greece).

The owners of Hendi chose to partner with 365 Capital to further strengthen the organisation to better respond to the opportunities the company sees and to accelerate its European growth plan. Important pillars of the growth plan for the coming years are the expansion and strengthening of Hendi’s presence in the major European hospitality countries and optimisation of the product range. Tom Buch and Jolanta and Maksymilian Kultys will remain involved in the company in their current roles and nothing will change for the employees, customers and suppliers.

365 Capital is a private equity firm active in the (lower) mid-market segment of the Dutch market and focuses on ambitious companies with their headquarters in the Netherlands. 365 Capital is investing in Hendi from its first fund which was closed in April 2021 at €165m. The investment in Hendi is expected to be the last investment from the first fund and 365 Capital will begin fundraising for fund 2 in Q2.

Tom Buch, Jolanta Kultys and Maksymilian Kultys (Hendi): “We are very pleased with the partnership with 365 Capital and believe that their entrepreneurial nature and professional way of working fits well with the culture within Hendi. Through this partnership, we will increase the company’s strength, allowing us to serve our customers even better and accelerate our growth ambitions.”

Hayo van Houten (365 Capital): “We are extremely impressed by Hendi’s growth over the past 10 years and Hendi’s unique position in the European market. Hendi has a broad and loyal customer base who highly value Hendi’s wide range of high-quality products and fast delivery. We are also very impressed by the strong culture and ambition within the company. We look forward to working with Tom, Jolanta, Maksymilian and the broader Hendi team to realise our joint ambitions in the coming years.”

The owners of Hendi were advised by Marktlink (sell-side M&A and legal) and Deloitte (legal).

365 Capital has been advised by OC&C (commercial), KPMG (financial), JB Law (legal), Avaxa (financing) and DLA Piper (legal). The lenders were advised by Clifford Chance (legal).

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Egeria enters new partnership with Meyer Menü

Egeria

Egeria is pleased to announce that it has entered into an agreement to acquire Meyer Menü, a German provider of a meals on wheels lunch service, together with its management team.

The transaction follows the succession of the current majority shareholder and member of the founding family, Thomas Meyer. The two Co-CEOs Marcel Hoffmann and Christian Seidel will reinvest alongside Egeria and continue to drive the success and growth of Meyer Menü. Financial terms of the transaction, which is subject to regulatory approval, are not being disclosed.

Meyer Menü is a leading provider of a meals on wheels lunch service founded in 1963 by the Meyer family. Over the years, the company has expanded its geographical reach to six industrial kitchen sites and twenty additional distribution hubs across Germany. The company is characterized by a high level of vertical integration from meal production in its commercial kitchens to the delivery of meals through its in-house vehicle fleet and drivers. The Meyer Menü brand is well known for industry-leading meal quality among its customer base which includes senior households, children daycare facilities, schools, and corporate clients.

Under the current management team, consisting of Co-CEO Marcel Hoffmann and Co-CEO Christian Seidel, the company has made multiple strategic acquisitions and has launched several operational excellence initiatives. Going forward, the management team will partner with Egeria to further increase its presence in existing regions and selectively expand into new regions.

Marcel Hoffmann and Christian Seidel, Co-CEOs at Meyer Menü
We welcome Egeria as a new partner to the Meyer Menü family. Over the last thirteen years, we have continuously developed Meyer Menü into the market leader for meals on wheels in Germany. We believe that Meyer Menü is ready for new growth initiatives and see Egeria as the ideal partner for this new phase.

Hannes Rumer, Partner at Egeria
We are very impressed by Meyer Menü’s historic development and excited to team up with Mr. Hoffmann and Mr. Seidel for the company’s next chapter. The management’s entrepreneurial spirit and Meyer Menü’s strong value proposition are the foundation for its high reputation among customers and its market leadership. We are honored that Mr. Meyer trusts us in continuing his family heritage and we look forward to contributing to the future success of the company.

About Egeria
Established in 1997, Egeria is an independent investment company focused on mid-sized companies in the DACH region and the Netherlands. Egeria invests in healthy businesses and believes in building businesses jointly with entrepreneurial management teams (Boldly Building Together). Egeria has interests in 22 companies in Germany, the Netherlands and the U.S. Egeria’s portfolio companies generate combined revenues of more than EUR 3 billion and employ more than 12,500 people.

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CVC funds invest in Monbake Group to support its growth strategy

CVC Capital Partners
  • Ardian, Alantra, Artá, and Landon have agreed to sell their stake in Monbake to CVC funds after successfully completing the objective they set themselves, in which the Monbake Group has consolidated its position as one of the three main producers and distributors of frozen dough at national level.
  • Monbake’s management team has found in CVC its ideal partner to further pursue its strategic plan. CVC’s expertise will contribute significantly to the company’s global expansion strategy and enhance its innovation capabilities.

CVC, a leading global private markets manager, announces CVC funds’ investment in Grupo Monbake, a leader in the frozen dough sector in Spain, to support its continued growth. CVC funds are acquiring the entire stake in Grupo Monbake that was previously held by Ardian, one of the world’s leading private equity firms, and its co-investors in this project (Alantra, Artá, and Landon).  The price of the transaction has not been disclosed.

Monbake was created in February 2018, when Ardian bought the companies Berlys and Bellsolá, independently, with the aim of leading the frozen dough sector in Spain. For months, the Ardian team worked to validate that the union of Berlys and Bellsolà represented an excellent industrial and strategic opportunity to consolidate a group with greater production capacity and commercial coverage, greater growth potential and innovation capacity. During the years that Ardian has been part of Monbake, the company has consolidated its position as one of the three main producers and distributors of frozen pastry at a national level, with a solid commercial and industrial structure and a wide network of shops.

After six years of supporting the domestic and global growth of the company and with the initial objectives achieved, Ardian considers that the investment cycle has ended, and will now allow CVC to spearhead the next phase of Monbake’s growth. Monbake’s new shareholder, CVC funds, has deep experience in the sector and endorses the roadmap set out for the company. CVC will support the company’s day-to-day operations, and is fully committed to the current management team and the company’s global expansion strategy. It will also uphold the company’s current focus on employment, quality, innovation, commitment to long-term relationships with suppliers and service to customers in more than 30 countries where it currently operates.

Aurelio Antuña, Monbake CEO, comments “We would like to thank Ardian for their strong support and commitment to Monbake’s growth over the past six years. At the same time, we are proud of CVC’s decision to support our company in its consolidation and continued growth phase. We are convinced that CVC is the right partner to take Monbake to the next level, and we look forward to working with them over the coming years”.

“We are honoured to become Monbake’s new partner, offering our experience and proven track record in the sector to support the next phase of growth. We have full confidence in the management team and we will work closely with them to implement the company’s global growth strategy and strengthen its innovation capabilities to secure its position as an industry leader.” Stated José Antonio Torre de Silva, Partner at CVC

“It has been an incredible journey with a fantastic team of professionals and management. We are very proud to have contributed to the creation and development of Monbake, which is now a strong, innovative international group with operations in over 30 markets”. Concluded Gonzalo Fernández Head of buyout Spain & Portugal & Managing Director, Ardian Spain (Advisor to Ardian France).

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CVC funds invest in Monbake Group to support its growth strategy

Ardian

Ardian, Alantra, Artá, and Landon have agreed to sell their stake in Monbake to CVC funds after successfully completing the objective they set themselves, in which the Monbake Group has consolidated its position as one of the three main producers and distributors of frozen dough at national level.
Monbake’s management team has found in CVC its ideal partner to further pursue its strategic plan. CVC’s expertise will contribute significantly to the company’s global expansion strategy and enhance its innovation capabilities.

CVC, a leading global private markets manager, announces CVC funds’ investment in Grupo Monbake, a leader in the frozen dough sector in Spain, to support its continued growth. CVC funds are acquiring the entire stake in Grupo Monbake that was previously held by Ardian, one of the world’s leading private equity firms, and its co-investors in this project (Alantra, Artá, and Landon).  The price of the transaction has not been disclosed.
Monbake was created in February 2018, when Ardian bought the companies Berlys and Bellsolá, independently, with the aim of leading the frozen dough sector in Spain. For months, the Ardian team worked to validate that the union of Berlys and Bellsolà represented an excellent industrial and strategic opportunity to consolidate a group with greater production capacity and commercial coverage, greater growth potential and innovation capacity. During the years that Ardian has been part of Monbake, the company has consolidated its position as one of the three main producers and distributors of frozen pastry at a national level, with a solid commercial and industrial structure and a wide network of shops.
After six years of supporting the domestic and global growth of the company and with the initial objectives achieved, Ardian considers that the investment cycle has ended, and will now allow CVC to spearhead the next phase of Monbake’s growth. Monbake’s new shareholder, CVC funds, has deep experience in the sector and endorses the roadmap set out for the company. CVC will support the company’s day-to-day operations, and is fully committed to the current management team and the company’s global expansion strategy. It will also uphold the company’s current focus on employment, quality, innovation, commitment to long-term relationships with suppliers and service to customers in more than 30 countries where it currently operates.

Aurelio Antuña, Monbake CEO, comments “We would like to thank Ardian for their strong support and commitment to Monbake’s growth over the past six years. At the same time, we are proud of CVC’s decision to support our company in its consolidation and continued growth phase. We are convinced that CVC is the right partner to take Monbake to the next level, and we look forward to working with them over the coming years”.

“We are honoured to become Monbake’s new partner, offering our experience and proven track record in the sector to support the next phase of growth. We have full confidence in the management team and we will work closely with them to implement the company’s global growth strategy and strengthen its innovation capabilities to secure its position as an industry leader.” Stated José Antonio Torre de Silva, Partner at CVC

“It has been an incredible journey with a fantastic team of professionals and management. We are very proud to have contributed to the creation and development of Monbake, which is now a strong, innovative international group with operations in over 30 markets”. Concluded Gonzalo Fernández Head of buyout Spain & Portugal & Managing Director, Ardian Spain (Advisor to Ardian France).

ABOUT CVC

CVC is a leading private equity and investment advisory firm with a network of 29 offices throughout EMEA, the Americas, and Asia, with approximately €186 billion in assets under management. CVC has seven complementary strategies across private equity, secondaries, and credit, for which CVC funds have secured commitments in excess of €230 billion from some of the world’s leading institutional investors. Funds managed or advised by CVC are invested in over 125 companies worldwide, which have combined annual sales of approximately €166 billion and employ more than 590,000 people.

All figures as of 10 December 2023, and adjusted to reflect the agreed acquisition of DIF Capital Partners announced in September 2023 (closing of which is subject to regulatory approvals), unless otherwise indicated.

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $164bn of assets on behalf of more than 1,600 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility. At Ardian we invest all of ourselves in building companies that last.

ABOUT MONBAKE

The MONBAKE Group is one of the largest companies producing frozen dough and Bakery Café products in Spain. It manufactures, distributes and markets bread, pastry and cake products both for the home market and abroad, with a presence in over 30 countries.

PRESS CONTACT CVC

MARIBEL ALONSO RITA PORTUGAL

malonso@grupoalbion.net+34 91 531 23 88

PRESS CONTACT ARDIAN

LLORENTE Y CUENCA

ANTONIO GARCÍA

ardian@llorenteycuenca.com

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Kids Lodge Acquires BSO Wijs

Holland Capital

Amsterdam/Houten, March 22, 2024 – Our portfolio company Kids Lodge has acquired the childcare organization BSO Wijs. The acquisition allows Kids Lodge to further expand its childcare activities in the Utrecht region.

With 10 locations in the Utrecht region, BuitenSpeelOpvang (BSO) Wijs offers “outdoor play care” to children aged 4 and older. BSO Wijs provides a unique care experience where children engage in outdoor activities in nature throughout the year, such as building huts and playing hide and seek. The children are given all the responsibility and freedom to challenge and develop themselves.

The acquisition of BSO Wijs is part of Kids Lodge’s growth ambitions. With this partnership, Kids Lodge is further expanding its activities in the Utrecht region. Following the acquisition of In de Rups in Houten/Zeist (2021), De Bereboot in Helmond (2023), and ‘t Zonnetje in Houten (2023), the collaboration with BSO Wijs marks the next step in the growth strategy.

Louise de Ruiter (Director, Kids Lodge): “It is my dream to further establish Kids Lodge as a family childcare center where children, parents, and staff can all enjoy themselves and work with passion. We strive to provide a journey of discovery for everyone, monitoring and encouraging the development of both children and staff. Care and community are important values for us, creating a place where everyone feels welcome.”

Frija Bleijerveld and Sandra Hofhuis (Directors, BSO Wijs): “What started as letting children play outside after school has evolved into a stable company with a strong identity over the past 13 years. Now that BSO Wijs has established a solid foundation, we feel it’s the right time to pass the organization to a local party who shares our passion for childcare and intends to further develop and expand the concept.”

About BSO Wijs

BSO Wijs was founded in 2011 and offers “BuitenSpeelOpvang”. The core principle of BSO Wijs is to enable children to play outside all year round, fostering a day filled with movement. Playing outside not only enhances children’s coordination and movement skills but also promotes social skills.

About Kids Lodge

Established in 2009, Kids Lodge provides care to approximately 2,500 children aged 0 to 12 with a team of over 400 employees. In addition to childcare, Kids Lodge also offers a Party Lodge, Sports Lodge, and Family Lodge, aiming to establish itself as a family centre. With locations in Houten, IJsselstein, Zeist, Bunnik, and Helmond, Kids Lodge is a well-known name in the Utrecht region and beyond.

About Holland Capital

Holland Capital has been responsibly and successfully investing in promising Dutch and German SMEs with growth ambitions for over 40 years. The team understands entrepreneurship and fosters an open, sustainable, and professional relationship with the management teams of the invested companies, aiming for mutual growth. With offices in Amsterdam and Düsseldorf, Holland Capital focuses on Healthcare, Technology, and the recently added Agrifood-Tech sector. The firm actively supports Kids Lodge in both operational and strategic development since becoming a shareholder in September 2021.

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CVC Credit provides debt facilities for the acquisition of Innovative Beauty Group by Fremman Capital

CVC Capital Partners

CVC Credit, the €40 billion global credit management business of CVC, is pleased to announce that it has agreed to provide the debt facilities to support Fremman Capital’s acquisition of Innovative Beauty Group (“IBG”), a beauty and personal care service provider, currently part of the Albéa group. CVC Credit will act as sole lender in this transaction.

IBG offers its clients a 360-degree product development service, with end-to-end product management capabilities addressing the more complex aspects of bringing a product to market, including the ideation of the product, formulation, filling, packaging solutions and marketing. The business leverages its extensive global network, with 10 offices across three different continents, to provide local expertise to its +200 customers. With creative and sourcing capabilities across North America, Europe, and Asia, IBG’s 300 employees offer unrivalled expertise across the entire Beauty and Personal Care value chain, acting as a true value-added partner to its customers.

Christine Weis, Managing Director at CVC Credit, said: “IBG is well-positioned in a dynamic and expanding market, with multiple opportunities to enhance its presence and capabilities across regions, products and customer groups.” Eva Boutillier, Managing Director at CVC Credit added: “We are excited to support IBG’s ambitions, as they begin the next stage of their growth story in partnership with Fremman Capital.”

Olivier de Vregille, Founding Partner of Fremman Capital, said: “We look forward to working with IBG CEO, Xavier Leclerc de Hauteclocque and his team, to accelerate the growth of the company. We have been following this industry for a long time and we strongly believe in the innovative IBG model which disrupts the traditional Beauty and Personal Care supply chain while driving excellence and best results for all stakeholders.”

John Empson, Managing Partner and Co-Head of Private Credit at CVC Credit, commented: “As part of the CVC Network we have the advantage of being able to tap in to the knowledge of CVC’s leading European private equity platform to assist in our diligence work and price discovery. In the case of IBG, CVC Credit’s ability to draw on the experience of CVC Germany and their sector knowledge gained through their investment in Douglas, Europe’s leading specialist cosmetics and beauty retailer, was crucial in winning this opportunity.”

The transaction is subject to customary regulatory approvals and consultation of the relevant employee representative bodies of the Albéa group and expected to complete in Q2 2024.

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HarbourView Equity Partners Secures Close To $500 Million In Debt Financing From KKR And Other Investors To Expand Music Investment Opportunities

KKR

NEWARK, N.J.–(BUSINESS WIRE)–HarbourView Equity Partners (HarbourView), an industry-leading alternative asset management company focused on investment opportunities in the sports, media and entertainment space, has secured approximately $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties. Insurance vehicles and accounts managed by KKR, a leading global investment firm, led the financing and investment accounts advised by Kuvare Asset Management also participated in the transaction.

“We are grateful to KKR for working with us to deliver a flexible and innovative financing structure that will support HarbourView in expanding its reach,” said HarbourView Founder and CEO Sherrese Clarke Soares. “This capital will allow us to further our mission of investing in assets and companies driven by premier intellectual property while striving to ensure that creators are appropriately valued for their contributions to the world.”

“This transaction is a testament to the scale and versatility of our High-Grade Asset-Based Finance strategy, which is a fast-growing segment of our private credit business,” said Avi Korn and Chris Mellia, Co-Heads of U.S. Asset-Based Finance at KKR. “Music IP is one of many areas where we see opportunity and we are pleased to finance a scaled and high-quality portfolio in this space.”

KKR’s Asset-Based Finance (ABF) strategy focuses on privately originated and negotiated credit investments that are backed by large and diversified pools of financial and hard assets, offering diversification to traditional corporate credit and attractive risk-adjusted returns. KKR’s ABF platform began investing in 2016 and now has approximately $48 billion in ABF assets under management globally across its High-Grade ABF and Opportunistic ABF strategies.

Established in 2021, HarbourView Equity Partners has quickly solidified its position in the industry, amassing roughly $1.6 billion* in regulatory managed assets and establishing a distinctly diverse portfolio featuring thousands of titles spanning numerous genres, eras, and artists. The asset manager has acquired 50+ catalogs including Pat Benatar and Neil Giraldo, Fleetwood Mac’s Christine McVie, Wiz Khalifa, Brad Paisley, Jeremih, Nelly, Luis Fonsi, Eslabon Armado and more. Their diversified catalog features ~28,100+ songs across both master recordings and publishing income streams.

The financing further emphasizes HarbourView’s commitment to delivering the best execution for its growing LP base and comes on the heels of numerous major deals, including its $300 million credit facility expansion announced in December 2023.

Guggenheim Securities, LLC served as sole structuring advisor, and Guggenheim Securities, LLC and Barclays acted as co-placement agents on this transaction.

About HarbourView Equity Partners
HarbourView Equity Partners is an investment firm, founded by Sherrese Clarke Soares, focused on the entertainment and media markets. The firm seeks businesses or assets powered by IP and investment opportunities that aim to build enduring value and returns. HarbourView has been extremely active since launching in 2021, acquiring over 50 music catalogs to date. The firm’s distinctly diverse portfolio features thousands of titles spanning numerous genres, eras, and artists, amounting to a diversified catalog of ~28,100+ songs across both master recordings and publishing income streams. In addition to music, HarbourView is focused on opportunities to support premium content across the entertainment, sports, and media sectors. The company is headquartered in Newark, NJ.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

*Regulatory AUM for private funds are calculated regardless of the nature of the gross assets under management. This includes any uncalled committed capital pursuant to an obligation to make a capital contribution to the fund.

Contacts

Media:

For HarbourView: The Lede Company | harbourview@ledecompany.com

For KKR: Julia Kosygina | +1 212-750-8300 | Media@kkr.com

 

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Fremman Capital Enters Into A Put Option Agreement To Acquire Innovative Beauty Group, A Pioneering Turn-Key Solution Provider Servicing Retailers And Brands In The Beauty And Personal Care Space

Fremman

Fremman Capital (“Fremman”) is pleased to announce the execution of a put option agreement to acquire Innovative Beauty Group (“IBG”), a Beauty and Personal Care service provider, part of the Albéa group.

The Company offers its clients a 360-degree product development service, with end-to-end product management capabilities addressing the more complex aspects of bringing a product to market, including the ideation of the product, formulation, filling, packaging solutions and marketing.

IBG leverages its extensive global network, with 10 offices across three different continents, to provide local expertise to its +200 customers. With creative and sourcing capabilities across North America, Europe, and Asia, IBG’s 300 employees offer unrivalled expertise across the entire Beauty and Personal Care value chain, acting as a true value-added partner to its customers.

Xavier Leclerc de Hauteclocque, CEO of IBG, said: “We look forward to this next stage of growth together with Fremman as a new shareholder. We operate in an exciting and fast- growing market with a great opportunity to scale up presence and capabilities across geographies, product categories and customer segments and further elevate our value-add and quality, following our vision to provide the best service to our clients.”

Olivier de Vregille, founding partner of Fremman, said: “We look forward to working with Xavier and his team to accelerate the growth of the company. We have been following this industry for a long time and we strongly believe in the innovative IBG model which disrupts the traditional Beauty and Personal Care supply chain while driving excellence and best results for all stakeholders.”

Subject to final closing of the contemplated transaction, Fremman will have 8 platform investments in its debut fund, which closed in 2023 having raised over €600 million. Since inception in 2020, the firm has completed six platform investments in highly growing markets: Bollo Natural Fruit (Spain), VPS (Netherlands), Medinet (UK), Palex Medical (Spain), Kids Planet (UK), and Connexta (Germany), and more than 50 add-on investments. The Fund has also recently signed the acquisition of HT Médica, one of the leading radiology operators in Spain.

The contemplated transaction is subject to the consultation of the relevant employee representative bodies of the Albea group.

About IBG

IBG is a Beauty and Personal Care service provider, helping businesses create quality beauty products. The Company covers the entire value chain, offering a wide spectrum of solutions from design to formulation, packaging and marketing. IBG has an international team of over 300 people across 10 locations worldwide. For more information about IBG please visit: https://innovativebeautygroup.com/

About Fremman

Fremman is a pan-European, mid-market investment firm with offices in London, Luxembourg, Madrid, Munich and Paris that looks to partner with successful management teams to help transform businesses from local champions to multinational sustainable leaders. Its senior Partners have a long history working together, with over 100 years of combined investment experience. Fremman’s goal is to build better, more sustainable businesses that have a positive impact on society.

For more information about Fremman please visit: https://fremman.com/

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