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, serving both the Benelux, which represents approximately 50% of turnover, and other European countries. The product range comprises a broad assortment of approximately 600–700 SKUs, including chilli sauces, soy sauces, sambal and various dry products such as prawn crackers, nasi and noodle mixes. In addition to its own Inproba brand, the company primarily produces private label products for customers in food retail (B2C) and industry (B2B) across Europe. Inproba employs around 200 people and generates net sales of €50–60 million.

Value Enhancement 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 strong emphasis on the Benelux. VE Partners specialises in supporting companies in transition phases and deploys its expertise in businesses with ambitious growth agendas, both organic and acquisitive. The firm typically invests in companies with revenues of €20–300 million and makes equity investments in the range of €5–40 million.

As exclusive advisor, Yuno Advisors assisted the owner and management of Inproba throughout the entire sale process. The advisory work included project coordination, preparation of transaction documentation, management meetings, supervision of the bidding process, preparation of the letter of intent, guidance during the due diligence process, transaction structuring and deal negotiations.

Click here for Inproba’s original press release.

About Yuno Advisors

Yuno Advisors is an independent corporate finance advisory firm with a focus on Food & Agri and Retail & Consumer. The firm advises entrepreneurs, family-owned businesses, corporates and investors on mergers and acquisitions, financing and strategic financial advice.

For this transaction, Thorstein Vrolijk and Timo Tap acted as the responsible advisors on behalf of the Yuno Advisors team.