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Rabo Capital takes over Unicorn Grain Specialties

04-07-2013 | |
Rabo Capital takes over Unicorn Grain Specialties

Rabo Capital, part of Rabo Private Equity, has acquired a majority interest in Unicorn Grain Specialties. An agreement with Nimbus hands on Investors and ING Corporate Investments has led to the acquisition of all shares, in which the current management will participate. The transaction is subject to approval by the relevant antitrust authorities and is expected to be completed within months.

Unicorn Grain Specialties Holding will be the new holding of the production location and sales office in Weert (Netherlands) and the sales office in Greven (Germany). Unicorn is a manufacturer with a wide product portfolio, mainly consisting of functional ingredients from cereals such as corn and wheat, for Feed, Food and Industry. Unicorn’s strategy is based on: Innovation, Operational excellence and Growth.

Since the carve-out from the Meneba group in mid-2011, Unicorn has become fully independent and has further refined its strategy. Nimbus, which specialises in similar corporate carve-out structures, has made a very positive contribution to these changes. The new partnership with Rabo Capital supports the expanded successful strategy and ambitions of Unicorn.

The management of Unicorn is delighted with Rabo Capital as its new partner. Pieter Spanjers, CEO of Unicorn Grain Specialties: “The profile of Rabo Capital, as part of the Rabobank Group, fits the company and its vision seamlessly. A solid financial partner which, thanks to its international (food & agri) network, can provide excellent support in the realisation of national and international ambitions. Unicorn can proceed its growth and continue to expand with Rabo Capital. Rabo Capital’s expertise and its network will play a significant role in these achievements”.

Gregor Beusmans, Director of Rabo Capital, believes in the strategy of Unicorn and is pleased with the addition of Unicorn to the investment portfolio. “Unicorn is an internationally oriented company with an excellent brand, which is well diversified in many ways such as product portfolio, markets, suppliers and customers. We are impressed with the carve-out that the management team, along with Nimbus, has achieved and the direct growth it has created. We are confident that with the support from Rabo Capital this management team is able to exploit the growth potential further.

 

Source: Press Release

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