CFI advised Nordian Capital Partners on the acquisition of Chrysal International from R12Kapital

Amsterdam – CFI acted as the exclusive corporate finance advisor to Nordian Capital Partners (‘Nordian’) on the acquisition of Chrysal International from R12Kapital.

For more than 80 years, Chrysal supplies premium flower care products which condition cut flowers for optimal quality. Furthermore, Chrysal has used its knowledge of flower care to develop a line of B2B plant care products as well. The main objective of Chrysal is to prolong flower/plant life to increase customer satisfaction and reduce waste in the chain. Chrysal helps its clients around the globe, including growers, wholesalers, bouquet makers and retailers, with flower & plant care products for every stage in the chain, technical support & advice, and protocols to enable optimal performance. Chrysal has its headquarters in Naarden, the Netherlands as well as operations in the UK, USA, Colombia, Ecuador, Kenya, Japan, France, Sweden, Germany and Russia. The company’s turnover is over € 40 million and it employs 220 staff.

Nordian Capital Partners (‘Nordian’, formerly Rabo Capital) is a Dutch mid-market private equity fund with € 300 million new committed funds. Nordian is backed by its funders Rabobank, Commonwealth Investments, a multi-family office, and PGGM Asset Management, a Dutch asset manager that manages the € 152 billion healthcare scheme PFZW. Nordian focusses on majority stake investments in Dutch mid-market companies, generating over € 3 million EBITDA per annum. Portfolio companies include Kipp & Zonen (solar and atmospheric measuring instruments), Redwave (professionals for energy sector), Vandervalk+Degroot (drain and sewer cleaning), Unicorn Grain Specialities (treated grains), Coppens (fish feeds), Dutch Grill Specialties (treated meats products), Luzac (private education), Bangkok Ranch (Peking ducks), and Koop (water management).

Chrysal has extensive, worldwide knowledge of both the horticultural chain as well as the different channels-to-market. Nordian will help Chrysal to further strengthen its market position by geographical expansion and the development of new innovative products and concepts.

CFI entertained good contacts with the previous owner of Chrysal, Swedish family office R12 Kapital.

CFI introduced the Chrysal opportunity to Nordian, assisted with modelling and pricing, market studying, and initial introductions to management, in a process which ultimately resulted in a successful transaction, closed in November 2014.