Clearwater International has advised IK on its acquisition of Savena. The financial details of the acquisition are not disclosed. Savena was previously on the Azulis Capital and Céréa Capital’s company portfolio.
Savena designs and produces ingredient-based functional and culinary solutions for the food industry. It was founded in 1988 by its current CEO Eric Terré. The company operates in four business areas: taste solutions (aromatic ingredients), meat solutions (functional ingredients), nutrition (dietetic ingredients) and food service. Savena operates four production sites, employs 250 staff and serves 4,000 clients in the food industry (ready-made meals and sauce producers, meat processors and catering firms).
In the current financial year, revenue is expected to reach approximately €90m. Savena is also present in Belgium, Germany, Scandinavia, Eastern Europe, Italy and has promising Asian and Russian operations.
The Clearwater International team was led by Philippe Guézenec