Who owns Food Ingredients disposal group (post-closing business sold to funds advised by CVC Capital Partners)

Food Ingredients disposal group (post-closing business sold to funds advised by CVC Capital Partners) - Profile

The Food Ingredients disposal group is the specialty food ingredients business that International Flavors & Fragrances agreed on 29 May 2026 to sell to funds advised by CVC Capital Partners under a purchase agreement covering substantially all of the assets and certain rights and liabilities used in that business. It makes texturants such as pectin, hydrocolloids and starches, emulsifiers, plant based protein solutions and other specialty ingredients, and sells them to multinational food and beverage manufacturers worldwide. In 2025 the business generated close to 3.1 billion dollars of revenue and about 430 million dollars of EBITDA, and the deal values it at roughly 4.3 billion dollars, about ten times EBITDA, with net cash proceeds of around 3.8 billion dollars expected at closing. IFF has classified it as held for sale and reports it as discontinued operations, and completion is expected by the end of the second quarter of 2027, subject to regulatory approvals and employee consultation requirements.

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• International Flavors & Fragrances, Inc. (IFF). IFF's Q2 2026 10-Q (Note 3, Discontinued Operations, filed 4 Aug 2026, period ended 30 Jun 2026) discloses that on 29 May 2026 the Company entered into a definitive agreement to sell its Food Ingredients business, with minor perimeter adjustments (the 'Food Ingredients disposal group'), to funds advised by CVC Capital Partners. The filing states verbatim: 'As part of the transaction, the Company will retain an approximate 10% equity interest in the business' (elsewhere in the same document phrased as 'the Company has chosen to retain a 10% minority equity interest in the business'). The transaction is expected to close by the end of the second quarter of 2027, subject to customary closing conditions and regulatory approvals, and had NOT closed as of the 10-Q filing date, so IFF does not yet hold this equity interest: it is a contracted FUTURE position, not a current one, which is why shares, value and pct are left null rather than modelled (the 10% figure itself is filed and exact, so it is entered directly rather than as a low/high estimate). The 10-Q separately states the Company determined estimated proceeds of $3.832 billion, less remaining costs to sell of $98 million; this prices the approximately 90% majority interest being SOLD for cash, not the approximately 10% interest being retained, so it cannot be used to value the retained stake and is not carried into value_usd. No valuation, share count, or unit count for the retained 10% interest is disclosed anywhere in the 10-Q. The related Soy Crush, Concentrates & Lecithin (SCL) business, part of the same combined disposal plan (both are discontinued operations of the former Food Ingredients segment), was already divested for cash on 2 March 2026 for approximately $105 million with NO retained interest, confirming the 10% retained stake is specific to the CVC transaction. source