As part of the founder Joost van Neck’s succession planning, Axxence’s management team, along with capiton, have acquired the leading manufacturer of natural aroma chemicals with the conviction to continue the growth story its founder has started 35 years ago. The transaction was financed via capiton’s current investment fund – capiton VI GmbH & Co. Beteiligungs KG – and Deutsche Bank Direct Lending Europe. Both, capiton and the direct lending provider, have committed additional resources to finance organic and inorganic growth initiatives. In addition to a term loan and an RCF, the debt financing package also comprises a capex- and acquisition facility.
Herter & Co. acted as Sole Debt Advisor to capiton on this transaction.
Axxence Group, headquartered in Emmerich, Germany, is a leading manufacturer and supplier of natural aroma chemicals (NACs) for the global flavour & fragrance (“F&F”) industry. Today, Axxence employs around 120 FTEs and produces over 260 NACs, which are sold in over 35 countries to more than 240 customers including the world’s largest F&F companies (Givaudan, Firmenich, IFF, etc.).
capiton is an independent, owner-managed private equity firm that manages a total fund volume of over € 1.3 billion. The investment portfolio of capiton AG currently comprises 15 medium-sized companies.
As an equity partner, capiton supports management buy-outs and growth financing in established medium-sized companies.
