The Spice Factory expands with Gimv's backing
Deal News | Feb 20, 2025 | GIMV NV (ENXTBR:GIMB)
Gimv NV, a European investment company, has announced its acquisition of a majority stake in The Spice Factory (TSF), a leading provider of private label dried culinary herbs and spices in the Benelux region. Founded in Braine-l’Alleud, Belgium, TSF has established itself as a trusted partner to retailers and foodservice players with its high-quality, customized solutions. The acquisition marks Gimv's strategic move to leverage its capital towards expanding TSF’s market reach across Europe. By acquiring the stake from Gilde Equity Management and Davy De Muyer, and with management reinvestment, Gimv and TSF aim to accelerate international expansion through both organic growth and selective buy-and-build strategies. The transaction is expected to close by March 2025, and no financial details have been disclosed.
Sectors
- Private Equity
- Food and Beverage
- Consumer Goods
Geography
- Belgium – The Spice Factory is based in Braine-l’Alleud, Belgium, playing a significant role in the region's industry.
- Benelux – The Spice Factory is a market leader in the Benelux region, specializing in private label herbs and spices.
- Europe – The acquisition aims to expand The Spice Factory's presence across Europe.
Industry
- Private Equity – Gimv NV's acquisition is a typical example of private equity investment aimed at expanding a company's market presence.
- Food and Beverage – The Spice Factory operates within the food and beverage industry, specializing in dried culinary herbs and spices.
- Consumer Goods – The acquisition focuses on consumer goods, specifically enhancing retail and food service offerings.
Financials
- Undisclosed – Specific financial details of the transaction are not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GIMV NV | Acquirer | Company | A European investment company buying a majority stake in The Spice Factory. |
| The Spice Factory (TSF) | Target Company | Company | A leading provider of private label dried culinary herbs and spices in the Benelux. |
| Gilde Equity Management | Selling Company | Company | One of the previous majority stakeholders in The Spice Factory. |
| Davy De Muyer | Selling Company | Person | Part of the group selling their stake in The Spice Factory. |
| Jorgen De Pelsmaeker | CEO | Person | CEO of The Spice Factory, reinvesting alongside Gimv in the company. |