Kingswood Capital Acquires Corbion’s Emulsifiers Business for $362M, Creating Largest Pure-Play Emulsifiers Business in North America

Corbion has completed the sale of its emulsifiers business to Kingswood Capital Management, LP for $362M. The private equity firm from Los Angeles acquired the business for a cash purchase price, with expected net cash proceeds of approximately $275M after taxes and transaction costs. The transaction includes two US-based manufacturing plants and around 175 employees.

Kingswood expressed excitement in the acquisition, looking forward to building on the emulsifiers business’ reputation and creating the largest standalone pure-play emulsifiers business in North America. They will collaborate with Corbion through supply and service agreements to ensure a smooth transition and continued high-quality service for customers.

Alex Wolf, Managing Partner at Kingswood, expressed confidence in the emulsifiers business’ future under their ownership. They plan to provide strong support for the business and uphold its exceptional service standards. Olivier Rigaud, CEO of Corbion, thanked their colleagues for their hard work in developing the emulsifiers business and wished them success in the future.

Lazard provided financial advisory services to Corbion during this transaction, while Stinson LLP served as legal counsel. For Kingswood, Kirkland & Ellis offered legal counsel, and Configure Partners acted as the debt advisor. The strategic partnership between Corbion and Kingswood aims to ensure a seamless transition and continued success for the emulsifiers business.