Private equity heavyweights CVC and Apollo Global Management have advanced to the final bidding stage for dsm-firmenich’s Animal Health and Nutrition business, in a transaction that could reshape the strategic direction of the Dutch-listed group.

The two firms are competing alongside Nutreco, a Netherlands-based animal nutrition company, according to Dutch outlet Financieele Dagblad. Binding offers are due by 24 July, with dsm-firmenich aiming to complete the deal later this summer.

The sale is part of dsm-firmenich’s plan to streamline its portfolio by carving out the Animal Health and Nutrition division before the end of 2025. The move is expected to reduce the company’s exposure to earnings volatility associated with the vitamins sector and sharpen its focus on higher-margin segments like fragrances and flavours.

This deal marks the latest example of private equity’s continued interest in high-growth, carve-out opportunities across Europe. Both CVC and Apollo have extensive track records in cross-border corporate carve-outs and sector-specialist buyouts.

Source: Reuters 

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