Deal sheet
- Sector
- Food & Beverage
- Mandate
- Sell-Side
- Year
- 2020
- Country
- Brazil
IFF, through its Brazilian subsidiary Frutarom do Brasil, acquired the remaining 20% stake in Grupo SDFLC.
JK Capital acted as exclusive financial advisor to Grupo SDFLC.
About the deal
About Grupo SDFLC
The SDFLC Group, headquartered in Minas Gerais, is a producer of preparations and flavor solutions for ice cream and desserts, controlled since 2017 by Frutarom, with 80% of the shares.
The founders (Vincenzo Simonetti, Roberto Leardini, Francesca Calabrò, Stefano Fioravanti and Claudio di Caro) held the remaining 20%.
About Frutarom do Brasil (IFF)
Frutarom do Brasil, of flavors and dyes for food and beverages, has belonged to IFF since 2018 and had the contractual option to purchase the remaining 20% of the SDFLC Group by 2020.
Transaction rationale
The operation is the exercise of the option on the remaining 20% and consolidates 100% of an asset that IFF points to as the basis of its global ice cream ingredient platform.