Kingswood $362M Buy Of Emulsifier Biz

Kingswood $362M Buy Of Emulsifier Biz

In a bold move set to redefine the landscape of the emulsifier industry, Corbion NV has announced the sale of its emulsifier business to private equity heavyweight Kingswood for a staggering $362 million. The deal, orchestrated under the legal guidance of Stinson LLP and Kirkland & Ellis LLP, marks a pivotal moment for both companies and the sector as a whole.

Kingswood $362M Buy Of Emulsifier Biz : Kingswood Capitalizes on Opportunity

The acquisition, spearheaded by Los Angeles-based Kingswood Capital Management LP, underscores the firm’s strategic focus on investments within the food and beverage realm. As part of the agreement, Kingswood will take ownership of two U.S. manufacturing plants from Corbion, positioning itself as a dominant player in the emulsifier market.

Legal Titans at the Helm

With Stinson LLP advising Corbion and Kirkland providing counsel for Kingswood, the transaction showcases a collaboration of legal prowess driving this monumental deal forward. Their expertise ensures a seamless transition, laying the groundwork for future success.

Corbion’s Vision for the Future

Andy Muller, president of Corbion’s sustainable food solutions division, expressed confidence in the partnership, stating, “We believe this deal matches our customers and employees with the right partners and leadership to help take them even further.” This sentiment reflects Corbion’s commitment to propelling its legacy forward while embracing innovation.

Kingswood $362M Buy Of Emulsifier Biz : A Strategic Shift

For Corbion, the divestment of its emulsifier business aligns with a broader strategy to refocus efforts on advancing fermentation technologies for food preservation. This strategic pivot underscores the company’s dedication to remaining at the forefront of industry innovation.

Kingswood $362M Buy Of Emulsifier Biz : The Unsung Heroes

Emulsifiers, such as lecithin, play a crucial role in countless processed foods, including mayonnaise, ice cream, and chocolate. Beyond preventing the separation of oil and water components, these additives impart a smooth texture and extend shelf life, illustrating their indispensable nature in modern food production.

Kingswood’s Impressive Track Record

With recent successes including the $620 million raised for its Kingswood Capital Opportunities Fund II LP, Kingswood’s portfolio boasts investments in industry giants like the Save Mart Companies and World Market. This acquisition further solidifies Kingswood’s position as a formidable force in the market.