Sale Inproba to VE Partners

Yuno Advisors advised the shareholder and management of Inproba, a leading Dutch producer of oriental products and flavorings, on the sale of the company to VE Partners, a Dutch mid-market private equity firm specialising in investments in manufacturing companies.

Established in 1956 by the Libbenga family, Inproba Oriental Foods is a family business based in Baarn, the Netherlands, and stands for “Indonesian Producten Baarn” (www.inproba.nl). Inproba is a leading producer of oriental products and flavorings, destined for both the Benelux (~ 50% of turnover) and other countries within Europe. The product range comprises a broad assortment of about 600 – 700 SKUs in red (chilli) sauces, soy sauces, sambal and various dry products such as prawn crackers, nasi and noodle mixes. Besides its own Inproba brand, Inproba mainly produces private label (PL) products for its customers in food retail (B2C) and industry (B2B) across Europe. Inproba employs around 200 people and achieves net sales of €50 – 60 million.

Value Enhancement Partners (VE Partners) is a private equity firm founded in 1999 and based in Amsterdam, focusing on mid-market companies, particularly in industry and trade in Western Europe with a focus on the Benelux. VE Partners specialises in assisting companies in a transition phase, deploying its expertise particularly in companies with an ambitious growth agenda, both for organic and acquisitive growth. VE Partners invests in companies with turnover of around €20 – 300 million and makes equity investments in the €5 – 40 million range.

As exclusive advisor, Yuno Advisors assisted the owner and management of Inproba throughout the entire sale process. Our advice covered project coordination, transaction documentation, management meetings, the bidding process, a letter of intent, guidance on the due diligence process, structuring of the transaction and deal negotiations.

Click here for Inproba’s original press release.