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Laga advises SFINC Group - Axa Private Equity deal
Laga has advised the shareholders of the SFINC Group (GIMV and Mr. Christian De Wolf) on the sale of 100% of SFINC’s share capital to Axa Private Equity, and has subsequently advised Mr. De Wolf and his management team on their reinvestment in Manacor Holdings NV, the leveraged acquisition vehicle set up by Axa Private Equity, Axxess Partners and the management team.
SFINC Group (turnover ca. 35 million Euro) produces and distributes spices, spice mixes and technical food ingredients.
Laga had previously advised GIMV and Mr. De Wolf on the incorporation of SFINC, the acquisition of Rejo Specerijenhandel and Pellicula NV, and the subsequent buy and build strategy resulting in the current transaction.
David Ryckaert, partner at Laga, comments: “This transaction proves that even in difficult financial times, the market supports and finances transactions involving good companies with sound business plans and realistic ambitions.”
The Laga team includes David Ryckaert, Thomas Snoeckx and Maarten Schockaert (M&A), Werner Van Lembergen and Ingrid Quinet (Banking and finance) and Inge Derde (Employment law). Axa Private Equity was advised by Stibbe. ING and KBC, the financing banks, were advised by Baker & McKenzie.
