Target: Hessing Supervers
Seller: Hessing Supervers
Advisory sell side: Allen & Overy | Legal Advisory Corporate M&A
LXA Advocaten | Legal Advisory Corporate M&A
Buyer: Equilibrium Capital
Advisory buy side: KPMG | Financial Due Diligence
Vriman M&A Lawyers | Legal Advisory Corporate M&A
Date announced: 2023-06-01

US based asset manager Equilibrium Capital, which focuses on sustainable finance, has acquired a minority stake in Dutch fruit and vegetable processing company Hessing Supervers. Besides the Netherlands, Hessing also opperates in Germany, Belgium and Denmark. Two-third of the turnover is generated in the Netherlands. Hessing's clients include Jumbo, Sligro and McDonald's. Hessing was founded in 1968 and employs more than 1400 people.

The initiative to convince an investment firm came from Hessing himself, the CEO said. “We started looking ourselves, because we were facing with a major investment path, and the capital requirements were not going to decrease for the next few years”. Financing through banks was less attractive. Hessing: “Then you have to deal with more external capital, interest obligations and various key people, while we as a family business want to enhance our own capital”.

By partnering with EQ, Hessing strengthens its position in the market and takes an important step towards further development. Nick Houshower, Managing Director of EQ: “We are very excited to join the Hessing family as we believe in Hessing's sustainable health strategy and mission to get more people to consume fruit and vegetables. Hessing aligns perfectly with our ambition to partner with market leaders developing sustainable products for future generations”.

Source: MenA
Source: fd.
Source: Hessing