Livingstone’s Consumer sector team has advised Swedish Oat Fiber, a specialised Swedish manufacturer of oat dietary fibers, oat oils and oat proteins, on its sale to Naturex. The transaction is the result of a broad competitive sales process where Livingstone identified and evaluated a large number of international buyers.
Swedish Oat Fiber is a Swedish manufacturer with a key international position as a producer of oat beta glucans dietary fibers, oat oils and oat proteins addressing food industry, nutraceutical, cosmetic and animal feed applications. The company’s head office and manufacturing site are located near Gothenburg on the west coast of Sweden.
Naturex sources, manufactures and markets natural speciality ingredients for the food, health and cosmetic industries. Naturex is listed on Euronenext Paris, headquartered in Avignon, France, and employs 1,700 people worldwide. In 2016, the Group had revenues of EUR 404.4 million.
“Livingstone’s team with Christopher, Fredrik and Gustav did an amazing job during the sales process. I’m convinced that we would not have reached the same result without their enthusiasm, determination and high ambitions,” said Peo Crona, CEO at Swedish Oat Fiber.
Naturex has acquired 100% of the shares of Swedish Oat Fiber. The acquisition is in line with Naturex’s strategy to accelerate the development of its speciality product portfolio and will offer substantial synergies with its business development model. Swedish Oat Fiber will also contribute to strengthening Naturex’s market positions in the natural nutrition segment.
“We are very pleased to join Naturex Group who share the same passion for our business and common values of entrepreneurship, creativity and integrity. We are convinced that Naturex will know how to provide a new strategic impetus to Swedish Oat Fiber and support its development and future projects through its international commercial network, R&D support and the expertise of its network of application laboratories,” said Peo Crona.
“Our team knew from the start that Swedish Oat Fiber would be a highly attractive acquisition target; it’s not only a business for the future, but also a well-managed company with passionate owners and management. We got to use our strength as truly global advisers, coordinating interested parties from multiple geographies in a competitive sales process,” said Christopher Fägerskiöld, Partner at Livingstone.
The completion of this transaction reinforces Livingstone’s credentials in the Consumer space, following recent deals such as Swedish floor and bathroom retailer Golvpoolen’s sale to Nordic online DIY retailer Bygghemma, and German eyewear brand ic! Berlin’s investment from Premium Equity Partners.
Livingstone was the exclusive financial adviser and Advokatfirman Vinge was the legal adviser to Swedish Oat Fiber in the sales process.