Private equity house BC Partners is to buy a majority stake in Dümmen Orange, a Dutch breeder of potted plants and flowers, from H2 Equity Partners and the Dümmen family, Agri Investor reports.
The deal values the company at about €500 million, according to a source familiar with the matter.
The deal is BC Partners’ first new agri investment in more than 15 years, since its acquisition of poultry life sciences group Aviagen in 1998, which it sold to Advent International five years later.
The deal values Dümmen Orange at about 11 times its earnings before interest, tax, depreciation and amortisation (EBITDA), with financing for the transaction provided by UBS and RBC, the source added.
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