Sun European Partners to buy majority of Afriflora

Sun European Partners LLP said Dec. 20 that it has agreed to buy a majority stake in Afriflora. The Barnhoorn family founded Afriflora in 2005 and will remain significant shareholders. KKR, which reportedly invested $200 million in Afriflora in 2014, is selling. Afriflora, of in Aalsmeer, Holland, is a supplier of roses at fair trade standards to Europe. Sun European Partners was advised by Rabobank, Kirkland & Ellis, Houlihan Lokey, and Ernst & Young. The Barnhoorn family and KKR were advised by William Blair, Clifford Chance, Van Benthem & Keulen, Deloitte, and Londen & Van Holland.

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