Kirin sells two subsidiaries to Dutch fund H2
H2 Equity Partners, a Netherlands-headquartered private equity firm, will buy two subsidiaries of Kirin Holdings, the Japanese beverages giant.
The transaction is expected to be completed by the end of March this year. The divestments will be made under Kirin’s plans to scrap the agriculture and biotechnology or agribio businesses that the company started in the 1980s. Financial details were not disclosed, but the two units, Tokyo-based Kirin Agribio Co. and Netherlands-based Kirin Agribio EC, have combined sales of around JPY15 billion ($163 million) a year.
H2 was founded in 1991, with an investment strategy focusing typically on mid-sized companies in the Benelux, Germany and the UK. H2 is currently managing the EUR188 million ($253 million) H2 Equity Partners Fund III. It has 12 portfolio companies with combined revenues of more than EUR1.4 billion ($1.89 billion).
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