Proventis Partners advised Cinven

International private equity firm Cinven has acquired Bayer AG’s (ETR: BAYN) Environmental Science Professional (BESP) business for a total purchase price of 2.6 billion dollars (~2.4 billion euros).

The conditions for closing the transaction – including the receipt of regulatory approval – have now been met after the two companies had signed the purchasing agreement in March 2022.

Cinven is one of the most active and successful investors in Germany and the wider DACH region and one of the leading investors in large carve-outs from industrial companies in Europe. The firm is a responsible, ESG-focused investor, and committed to maintaining the environmental, regulatory and employee stakeholder responsibilities of BESP.

Bayer Environmental Science Professional will now operate as ‘Envu’ and is a leading global provider of products and services to create healthier environments, to manage pests, and to eliminate vector-borne diseases, across a range of end-markets. Headquartered in Cary, North Carolina, USA, Envu has global operations with c. 800 employees and c. 2,000 product registrations, sold in more than 100 countries. Envu also has market-leading R&D capabilities, with four international R&D centres and more than 200 employees working in product innovation.

Envu provides an extensive product portfolio to manage pests (such as rodents, pest insects and invasive weeds) in a sustainable and responsible manner, including for the vegetation management, range and pasture, forestry and turf and ornamentals markets. In addition, Envu markets products to protect against vector-borne diseases such as malaria, and to promote public health objectives in the developing world.

Proventis Partners, with 30+ M&A professionals, is one of the largest independent M&A advisors in the German-speaking region and globally active in the Chemicals & Materials sector with deep industry know-how and proven track record.

Proventis Partners’ chemicals team was mandated as M&A advisor and supported Cinven on transaction and M&A matters through the entire process.