Funds advised by CVC Capital Partners (“CVC”) have concluded an agreement to acquire IFF’s Food Ingredients business.
The transaction values the business at approx. USD 4.3bn. As part of the transaction, IFF will retain an approx. 10% minority equity interest in the business.
IFF’s Food Ingredients business is a global provider of texturants, emulsifiers, plant-based solutions and other specialty ingredients to multinational food and beverage customers. In 2025, the business generated nearly USD 3.1bn in annual sales.
The transaction gives CVC a global platform within food ingredients with technical capabilities and an established customer base. For IFF, the sale is part of a portfolio transformation and is expected to strengthen the company’s focus on its Taste, Scent and Health & Biosciences businesses.
Accura acted as local counsel to CVC and as lead counsel to White & Case in connection with the Danish aspects of the transaction.