Chr. Hansen Sells Food Ingredients Business to PAI Partners

Chr. Hansen Holding, Hoersholm, Denmark, has reached a definitive agreement with PAI partners, a leading European private equity firm, to sell its food ingredients business operating under the name of Chr. Hansen. The total price, which is payable in cash, amounts to (DKK) 8.2 billion on a cash and debt free basis. Chr. Hansen supplies natural ingredients to the food industry, with global market leadership positions in cultures, enzymes and natural colors and strong positions in flavor solutions. Chr. Hansen also holds strong positions within products encapsulating the health and nutrition benefits of these ingredients to animals and humans. PAI partners is a leading European private equity firm, which manages and advises dedicated private equity funds with an aggregate equity value of more than €7 billion. PAI partners has a strong track record acquiring companies across Europe and has made several acquisitions in the food and consumer industries. As a result of the transaction, PAI partners will acquire all of the activities related to food ingredients owned by Chr. Hansen Holding, including the buildings located at the headquarters in Hørsholm, Denmark currently owned by Chr. Hansen Holding and used by Chr. Hansen.