Kerry Group plc (‘Kerry‘), the global taste and nutrition company based in Ireland and listed on the Euronext Dublin and London Stock Exchange, today announced it has reached an agreement to acquire 92% of the issued share capital of c‑LEcta GmbH (‘c‑LEcta‘) for a consideration of €137m, with management to retain the balance.
c‑LEcta is a world-leading biotechnology company with a focus on enzyme engineering and application in regulated markets like the food and pharma industries. The company is based in Leipzig, Germany, and has established itself as a leading player in the realization of high-value biotech products, either in the form of in-house developments or in close cooperation with industry. The company currently employs more than 100 people.
bm|t invested in c‑LEcta in a growth financing round together with a Belgian specialized sector fund in July 2018 and actively supported the company’s strong growth.
Sebastian Knedlik, Senior Investment Manager at bm|t, comments: “This highly qualified and extremely dedicated team achieved a truly impressive performance by using its world-leading technology platform to generate high margin business. It has been a real pleasure to work with the c‑LEcta team and support them on their outstanding growth path during the last four years.”
As a result of the sale bm|t quadrupled its original investment and increased the value by more than € 10m.
About bm‑t beteiligungsmanagement thüringen gmbh (bm|t)
Erfurt-based, bm|t is the first address for investments in Thuringia, Germany. bm|t currently manages nine funds with a total volume of over EUR 350 million and invests in innovative companies with strong growth potential across all sectors and all phases of the corporate lifecycle.