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Oghma advises Symrise UK on formation of joint venture with THG
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Tuesday, 12 March, 2024, 15 : 00 PM [IST]
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London, UK
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Oghma Partners has announced its role as exclusive corporate finance advisor to Symrise UK Limited on the divestment of 51% of THG Trading Limited, the fruit juice ingredients trading subsidiary of Symrise UK Limited, to Th. Geyer Ingredients. The terms of the transaction were not disclosed.
This transaction adds a further cross-border ingredients transaction to its exponentially expanding portfolio of successful deals, underlining its depth of experience in the food ingredients M&A sector in Europe.
Frank Hoeving, vice president Western Europe and managing director, Symrise Limited UK & Ireland, said, “I have thoroughly enjoyed working with Oghma Partners during the course of this process. The team showed consummate skill in negotiating the Joint Venture and helping to establish a strong, collaborative business poised for future growth.”
Markus Krekeler, managing director of THG Trading Limited, said, “This collaboration marks a significant milestone as we join forces to create a dynamic partnership with a shared vision for success. By entering this joint venture, Th. Geyer Ingredients wants to accelerate the successful business performance all over Europe and the Middle East.”
Tim Owen, partner at Oghma, said, “It was a pleasure to work with the Symrise and THG teams and to have reached a successful conclusion to the process. This is our fourth completed transaction in 2024 and marks another successful deal in the food ingredients space in Europe, making Oghma Partners the most active M&A advisor in this sub-sector of the food industry.’’
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