Givaudan SA’s acquisition of Activ International


Givaudan SA announced that it has acquired Activ International as part of its 2020 strategy to strengthen capabilities in natural flavour solutions to its customers.

Activ International offers a range of natural and organic flavours, marine extracts, seafood and vegetable based culinary solutions to customers. With headquarters in Bienne (Switzerland), Activ operates from locations in Somerset (New Jersey, USA), Melaka (Malaysia), Mitry-Mory (Paris, France) and Arequipa (Peru).

While terms of the deal have not been disclosed, Activ’s business would have represented approximately CHF 40 m of incremental sales to Givaudan’s results in 2016 on a proforma basis. Givaudan plans to fund the transaction from existing resources.

Homburger advised Givaudan on the deal with a team led by partner Dieter Gericke (Corporate | M&A, in picture) and included partner Reto Heuberger (Tax), associates Guy Deillon and Vincent Delaloye and junior associate Nicolas Curchod (all Corporate | M&A).

Walder Wyss Ltd. advised Activ on the deal with a team led by Luc Defferrard (Partner, M&A / Banking & Finance) and further included Tervel Stoyanov (Associate, M&A / Banking & Finance), Robert Desax (Managing Associate, Tax) and Marius Breier (Associate, Tax).

Involved fees earner: Luc Defferrard – Walder Wyss Ltd.; Tervel Stoyanov – Walder Wyss Ltd.; Robert Desax – Walder Wyss Ltd.; Marius Breier – Walder Wyss Ltd.; Dieter Gericke – Homburger; Guy Deillon – Homburger; Vincent Delaloye – Homburger; Nicolas Curchod – Homburger; Reto Heuberger – Homburger;

Law Firms: Walder Wyss Ltd.; Homburger;

Clients: Givaudan; Activ International;