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CVC to acquire IFF food ingredients arm in $4.3bn carve-out deal

privateequitywire

1 month ago

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Private equity firm CVC Capital Partners has agreed to acquire the food ingredients division of International Flavors & Fragrances (IFF) in a transaction valued at around $4.3bn, as sponsor-led carve-outs of non-core corporate assets continue to gather pace, according to a report by the Financial Times.
The business, which manufactures sweeteners, emulsifiers and other specialty ingredients used in industrial food production, will generate net cash proceeds of approximately $3.8bn for IFF up...

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