Funds advised by BC Partners, a leading private equity firm, have reached an agreement to acquire a majority stake in Dümmen Orange, the global leader in the floricultural breeding sector, from H2 Equity Partners and the Dümmen family. The transaction is subject to regulatory approvals and is expected to close in the coming months.
Dümmen Orange is the global leader in the floricultural breeding sector, with a broad portfolio of 3,500 proprietary varieties of cut flowers, pot and bedding plants. Dümmen Orange’s core business is the development of flower varieties with improved characteristics for growers, retailers and consumers, and it creates, develops and produces cuttings which are then supplied to growers globally. Leveraging distinctive capabilities in innovative breeding technologies, a global commercial network, unmatched production scale, and a successful track record of value-creating acquisitions, Dümmen Orange is leading the consolidation of the floricultural breeding sector.
Headquartered in De Lier in the Netherlands, with production farms in Central America and East Africa, and commercial presence in all key end-markets, Dümmen Orange employs 6,000 people globally. The Company was formed in 2013 through the strategic merger between Dümmen AG and Agribio; subsequently it has grown further by a number of acquisitions.
Jean-Baptiste Wautier, Managing Partner at BC Partners, commented: “Dümmen Orange is a thriving, innovative and growing business, led by a talented and experienced management team which has an impressive track-record in floriculture and related sectors. We look forward to backing them as they pursue an ambitious growth strategy, fueled by investments in sales & marketing, advances in breeding technologies, and selective acquisitions.“
Biense Visser, CEO of Dümmen Orange, commented: “Our partnership with BC Partners will enable us to accelerate our development. They have a distinguished track record helping companies achieve their full potential. With their support, we intend to continue to bring value-added innovation to growers, retailers and consumers, and we look forward to leading the consolidation of our sector”.
Additional info: floraldaily.com