News
Barentz gets Cinven investment
28 Nov 2019Barentz has announced that Cinven has agreed to invest in the company. Cinven is an international private equity firm focused on building world-class European and global companies.
The rationale is said to be that a) Barentz has a strong market position in a structurally growing market for life science ingredients, b) the Cinven team knows the speciality ingredients distribution market well, and c) Cinven recognizes the opportunities for both organic and buy and build growth.
Financial terms of the transaction were not disclosed
Considering the distribution business is a structurally growing market, Barentz says it wants to continue to expand in order to serve its suppliers and customers on a global scale.
Hidde van der Wal, CEO of Barentz, said: “We are delighted to be working with Cinven on the next phase of our growth. The Cinven team has really impressed us with their understanding of our market and their strong track record of growing businesses internationally.In particular, their investment and support for our business strategy will enable us to expand our operations into new geographic markets, including through acquisition, and will ensure we have the right infrastructure to achieve this.”
Ben Osnabrug, partner at Cinven, said: “Barentz has a strong presence in a structurally growing market. The Cinven team knows the speciality distribution sector well, with the key trends driving the growth of the food and life sciences ingredients market including a shift towards natural ingredients, increased demand for customised formulations, and a growing share of manufacturers using distributors to drive market access and to improve efficiencies.”
“Cinven’s investment in Barentz resulted from a combination of our detailed sub-sector approach within Business Services, and our regional network in the Netherlands, and we are delighted to invest in this primary opportunity. In particular, Barentz has an excellent management team whom we can back to pursue both organic and buy and build growth.”
Companies mentioned
Related news
Wile Women embraces perimenopause ecosystem with support and education
6 Oct 2023
Wile Women, a US-based direct-to-consumer supplement brand, offers “naturopathic” products designed to address women’s mental health and aims to break the stigma surrounding perimenopause.
Read more
Lahori Zeera’s spiced soft drinks ‘resonate with the Indian taste palette’
5 Oct 2023
Indian soda brand Lahori Zeera is on a mission to become the largest non-cola drinks brand in the country with its fruit-based soda drinks, available in flavours such as tamarind, lemon, and black pepper. “The ethnic beverages market in India is unders...
Read more
Redistributing unwanted food to those in need: A cost- and hassle-free solution
4 Oct 2023
London-based charity City Harvest is solving the longstanding issues of food waste and hunger by providing food businesses with a convenient and cost-free solution to redistributing food waste.
Read more
Advocacy groups condemn EU Commission for backpedalling on animal rights
3 Oct 2023
Amid rumours that the EU may abandon its plans to improve animal welfare in farming and end the use of cages, many stakeholders have condemned this possibility and urged the EU to reconsider.
Read more
Smuckers, Hostess deal latest food industry mega merger
2 Oct 2023
The J.M. Smucker Co. is to acquire fellow American snack company Hostess Brands for approximately $5.6 billion, following several other high-profile mergers in food and snacks so far in 2023.
Read more
Poland and Ukraine attempt to resolve grain dispute
29 Sep 2023
Poland and Ukraine have begun talks to try to resolve a dispute regarding the ban on Kyiv’s grain imports that prompted Kyiv to file a lawsuit to the World Trade Organization.
Read more
HN-Novatech launches seaweed heme ingredient in Singapore
28 Sep 2023
Korean food technology company HN-Novatech secures $4 million in funding and has unveiled a proprietary seaweed heme ingredient for healthy plant-based alternatives in Singapore.
Read more
The EU may be set to scrap its sustainability commitments
27 Sep 2023
A speech delivered by President Ursula von der Leyen last week inferred that the EU could be drawing back on its commitments to create a more sustainable and healthier food system.
Read more
Nutri-Score will be implemented in the Netherlands in 2024
20 Sep 2023
Nutri-Score will be adopted as the official – but voluntary – food choice logo in the Netherlands from 1 January 2024, the Dutch government confirms. How will this impact the industry?
Read more
Proudly made in China: Tips to tap into the guochao trend with success
19 Sep 2023
Thanks to the guochao trend, Chinese consumers see ‘Made in China’ products as trendy and Western brands are capitalising on this with regional flavours or Chinese-style branding. But guochao has become more nuanced and consumers are increasingly wise ...
Read more