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Devenish Nutrition Ltd acquires a 50% Share in Turkish Premix Producer Yem-Vit A.Ş

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Common Ground Corporate Finance is happy to announce the successful acquisition of 50 % of the Turkish based Yem-Vit  A.Ş  by Northern Irish Devenish Nutrition Ltd.

This is a strategic move for Devenish and its first acquisition outside of the UK, Ireland and North America. This will allow the company to grow in the Turkish market and provide significantly improved access to surrounding regions.

Devenish has facilities in the UK, Republic of Ireland, North America and Africa and is a market leader with over 65 years’ experience in developing and supplying innovative and research driven nutritional solutions for animal and human health particularly in the pig, poultry, ruminant, aquaculture, equine and companion sectors.

Established in 1987, Yem-Vit is an independent, quality focused, family owned company, specialising in the production and distribution of a range of solutions for the poultry, ruminant and aquaculture sectors. Operating from new production facilities in Izmir, Yem-Vit is one of the major brands in the Turkish premix industry with a turnover of over 20 million Euro and exporting throughout Europe, Africa and the Middle East.

“Common Ground’s role was very instrumental in realizing this transaction. Based on their knowledge and experience in the animal nutrition sector, they thoroughly screened the Turkish market, identified the target that offers us the best synergies and positioned Devenish as the best strategic partner for further growing the Yem-Vit business” said Peter Wallace, Vice Chairman of Devenish Nutrition.

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Ter Beke acquires UK based KK Fine Foods Plc

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Common Ground Corporate Finance is happy to announce the successful acquisition of UK based KK Fine Foods by Ter Beke NV (Euronext: TERB).

Common Ground acted as the corporate finance advisor for Ter Beke. “Common Ground’s knowledge and experience in the food segment was very instrumental in finding the right target for Ter Beke’s internationalization strategy and in positioning Ter Beke as the best strategic buyer for the further development of KK Fine Foods” says Dirk Goeminne, CEO of Ter Beke.

KK Fine Foods is a passionate, fast moving business built on family values and integrity. KK Fine Foods produces and distributes fresh ready-made meals (frozen) which are sold in the food service and retail markets. With a turnover of 39.3 million EUR in 2016, the company is a major player in the ready meals market and it enjoys double digits growth figures every year.

Ter Beke is an innovative Belgian fresh food group with a wide range of high-quality fresh food products and associated services operating commercially in many European countries. This takeover gives Ter Beke also a firm foothold in the UK market, the largest of its kind for ready meals in Europe.

 

Marc-Henri Decrop and Pierre Warrant joined as new Partners focusing on Debt&Equity Advisory

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Pierre Warrant spent more than 25 years within listed US or European multinational groups active in a variety of sectors (Chemicals, Automotive, Pharmaceuticals, Medical devise, Building materials, Controls). During these years, he built a wealth of expertise in Corporate Treasury, Corporate Finance, Corporate Tax, M&A and international project developments. The last 11 years, he served as Director M&A and Treasury of the Recticel Group.

Marc-Henri Decrop has organized his professional activities around Finance and Corporate Strategy especially in the Business Support services and Leasing sector. For most of his career he was a member of the Group Executive Team of publicly listed D’Ieteren, where he built a wide experience in all aspects of Funding, M&A services and Private Equity.

The Partners of Common Ground Corporate Finance are very excited about this next step. With Pierre and Marc-Henri joining the team, Common Ground Corporate Finance will be able to widen Its industrial and sectorial knowledge, extend its expertise into Debt / Equity Advisory and M&A, and complement its geographical presence with a new office in Brussels.

“At Common Ground Corporate Finance, we have found the Senior Partners who share the same advisory approach and quality standards. With this new team we are able to offer tailored services in M&A, Financing Solutions and International Project Development from start to finish.”, said Marc Henri and Pierre.

Common Ground Corporate Finance is an independent, partner led corporate finance boutique and is the Belgian Member of the Global Scope network active in 44 countries around the world.
To read more about March Henri Decrop and Pierre Warrant and Common Ground Corporate Finance, please visit our website www.commonground.be

Neogen Corporation

Neogen Corporation acquires UK based Quat-Chem Ltd

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Common Ground Corporate Finance is happy to announce the successful acquisition of the UK based Quat-Chem Ltd by Neogen Corporation (Nasdaq:NEOG).

Quat-Chem Ltd. is a 20-year-old chemical company specializing in the development, manufacture and sale of agricultural, industrial, and food processing biocidal hygiene products, including cleaners and disinfectants. Quat-Chem’s annual revenues are approximately $12 million (USD).

US based Neogen Corporation develops and markets products dedicated to food and animal safety.

Common Ground acted as the exclusive corporate finance advisor to Neogen corporation. “Common Ground’s knowledge and experience in the animal safety segment was very instrumental in finding the target and in positioning Neogen as the right buyer for their business” says Jason Lilly, Vice President – Corporate Development of Neogen Corporation.

Neogen’s acquisition of Quat-Chem is the latest in its strategy of expanding the company’s biosecurity business, which began in 2003 with its acquisition of rodenticides, cleaners and disinfectants from ConAgra. The expansion continued with Neogen’s 2008 acquisition of DuPont’s biosecurity product line, the 2014 acquisition of Chem-Tech, and 2016 acquisitions of Preserve International and Virbac’s rodenticides.

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Switch acquires easy-m and becomes the largest Apple reseller in Belgium

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Common Ground Corporate Finance is happy to announce that Switch has acquired easy-m. The two leading Apple Premium Resellers (APR) of Belgium have joined forces and Switch becomes one of the largest APR’s in Europe.

Easy-m, a family owned business lead by Annick Maes, was founded in 1937 in Herentals and is 100% acquired by Switch.

With 10 stores Switch was the largest APR in Flanders and through the acquisition of easy-m, Switch gains an important position in Brussels and Wallonia having a total of 32 stores across Belgium.

“Through this acquisition Switch will be present in each major city in Belgium. This presence will not only reinforce our position to the B2C market but will also enable us to further grow our B2B activities as well as our presence in the market for refurbished Apple products”, said Rik Vrancken, CEO.

Rik Vrancken continues: “Today the B2C consumers are familiar with the Apple products, and its experience. A strong evolution can be noticed in the B2B market, at work, governmental institutions, in schools and universities, where the easy-to-use Apple products, apps and cloud-applications are convincing more and more professional users.”

The transaction was co-financed by Mezzanine Partners 1, an initiative of PMV and Capital@Rent. Common Ground acted as the exclusive corporate finance advisor to Switch.