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Riverside buys ProbelteBio dietetics through Euromed


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Integral service around a transaction
BY : Diego GutiérrezNovember Wed, 2017

Find out the latest information on the FoodTech sector and the evolution of the investment effort in recent years with our M&A Analysis study. In addition, we analyse Riverside's acquisition of the Murcia-based dietetics company ProbelteBio.

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Find out the latest information on the FoodTech sector and the evolution of the investment effort in recent years with our M&A Analysis study. In addition, we analyse Riverside's acquisition of the Murcia-based dietetics company ProbelteBio.

About ProbelteBio

Probelte Biotechnology is a company specialised in the design and manufacture of biological pharmaceutical products, leader in the sector of natural pomegranate and olive extracts, and in its final products such as pomegranate juice and natural food supplements. The company from Murcia stands out for its commitment to natural extracts and biological pharmaceutical products based on its own technology, clearly focused on the sectors of Food Supplements, Nutraceuticals (nutrition + pharmaceuticals), Cosmetics and Personal Care, Food and Beverages and Pharmacy.

 

About Riverside and Euromed

The Riverside Company is a global private equity firm focused on acquiring growth companies worth up to $$400M. Since its founding in 1988, Riverside has invested in over 490 transactions. The US firm has an international portfolio of more than 80 companies, manages more than $$6,000M in assets and employs more than 200 people worldwide.

Euromed is a Catalan company focused on the manufacture of substances for natural medicine, dietary supplements and for the cosmetics industry, acquired in 2016 by Riverside. The company has grown at double-digit rates over the last few years thanks to strong market demand and its global sales network.

Since Riverside bought Euromed from Swedish pharmaceutical company Meda for €82M, the Barcelona-based company has become one of the world's leading companies in the sector. It currently holds 10 patents around the world thanks to its investment in R+D. These include its star products derived from grapefruit and olive oil, from which it obtains standardised herbal extracts used in nutritional supplements and cosmetics. The Catalan company currently processes more than 4,000 tonnes of raw materials per year, producing 600 tonnes of natural extracts for more than 350 customers in 35 countries.

 

The Riverside Company acquires ProbelteBio

The US fund The Riverside Company has acquired all the assets and products of Murcia-based Probelte Biotecnología, which specialises in the development and manufacture of ingredients for natural food supplements.

With this undisclosed transaction, Riverside strengthens the product portfolio of its investee Euromed, a Catalan company focused on the manufacture of substances for natural medicine, dietary supplements and the cosmetics industry. In addition, ProbelteBio's state-of-the-art facilities will bring substantial production capacity to Euromed with considerable scope for future expansion and growth support.

 

Investment defines the future of FoodTech

M&A activity in food and beverage start-ups has broken records year on year since 2013. Total investment in these companies fell last year, due to an increase in the number of deals targeting smaller, earlier-stage start-ups. However, the numbers have been recovering throughout 2017 as these companies continue to grow.

In addition, the FoodTech sector has welcomed new companies in 2017: around 400 different investors have invested in Food & Beverage startups so far this year, compared to 330 in the whole of 2016. Since 2015, the number of new funds from Venture Capital The sector's large firms have launched new investment vehicles. All this has led to new investors interested in participating in opportunities in the sector.

Other posts that may interest you

 

M&A in organic food and dietetics: AgroFresh buys Tecnidex's 75% and AB-Biotics sells its AB-Fortis product to Frutarom

Acquisitions in the food sector: Portobello Capital and Ebro Foods

Yes you want to look for investors, buying a company or sell your company, contact our experts in Corporate Finance.

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