Industrials

Prinsen-Berning

A leading provider of premium instant powdered food solutions, produced to be sold under customers own brands across Western Europe

October 2017
Investment Date
Netherlands
Country

Business Overview

  • Prinsen B.V. is a leading provider of premium instant powdered food solutions, produced to be sold under customers own brands across Western Europe (both private label and contract manufacturing)
  • The company currently operates across four distinct business units: health, premium instants, creamers and ingredients, each with its own diversified market and end customers
  • The acquisition of Berning’s will enable the company to accelerate growth in protein-enriched nutrition bars
  • Berning's is based in Germany and has a portfolio of c.500 production recipes for contract manufacturing and private label retailers. Together the combined group will become one of the leading food supplement producers in Europe and will operate under the corporate name “Prinsen Berning”
  • The combined group will focus on diet, sport and wellness. Prinsen-Berning will be positioned as a one-stop shop for ‘Active Nutrition’ with products to support consumers seeking a healthy lifestyle

 

Investment Thesis

  •  Demand for health and sports premium instants is rapidly increasing across core geographies, especially for private label products

  • Well invested production facilities with capacity for future growth

  • Experienced and high quality management team, supported by a strong sponsor

  • Diversified product offering covering mature and high growth markets  

  • Acquisition provides significant opportunity for cross selling between customer bases     

Origination

  • Primary transaction with PCS3 acting as majority lender

  • Originated through a strong relationship with the debt advisor, Marlborough Partners

http://www.prinsen.com/uk_home.aspx

http://www.buismanbv.com/

http://www.berning.de/en/company.html