New Keystone Advisers transaction: Acquisition of Chrysal

Dutch private equity fund Nordian Capital acquires Chrysal, a leading supplier of premium flower care products, from R12 Kapital. Chrysal has its headquarters in Naarden, the Netherlands as well as operations in the UK, USA, Colombia, Ecuador, Kenya, Japan, France, Sweden, Germany and Russia. The company’s turnover is over EUR 40 million and it employs 220 staff.

Nordian (formerly Rabo Capital) is a Dutch mid-market private equity fund with EUR 300 million new committed funds. Nordian focuses on majority stake investments in Dutch mid-market companies, generating over EUR 3 million EBITDA per annum. Portfolio companies include Kipp & Zonen (solar and atmospheric measuring instruments), Redwave (professionals for energy sector), Vandervalk+Degroot (drain and sewer cleaning), Unicorn Grain Specialities (treated grains), Coppens (fish feeds), Dutch Grill Specialties (treated meats products), Luzac (private education), Bangkok Ranch (Peking ducks), and Koop (water management).

Chrysal has extensive, worldwide knowledge of both the horticultural chain as well as the different channels-to-market. Nordian will help Chrysal to further strengthen its market position by geographical expansion and the development of new innovative products and concepts. MBCF and Keystone Advisers introduced the Chrysal opportunity to Nordian, which ultimately resulted in a successful transaction with Nordian, closed in November 2014.

MBCF and Keystone Advisers acted as advisors to Nordian Capital in the transaction.