M&A

M&A

Camlin Fine Sciences to acquire French ingredients tech firm Vinpai

BSE Announcement   Business Line  

Publicly listed Camlin Fine Sciences Limited (CFS) is to acquire a majority stake in Vinpai S.A ., a french ingredients technology company specializing in natural alternatives to chemical additives.The acquisition will be primarily executed through a share swap, with CFS issuing new equity shares to Vinpai’s sellers. Simultaneously, CFS will invest Euro 3.3 million in Vinpai through convertible bonds, which will later be converted to equity shares.Following the initial acquisition, CFS will launch a mandatory cash tender offer at Euro 3.60 per share for the remaining public shares of Vinpai. If CFS achieves over 90 per cent ownership, it may initiate a squeeze-out process under French law.Vinpai, founded in 2011 and listed on Euronext Growth Paris since July 2023, designs and manufactures algae, plant, mineral, and fiber-based functional ingredients for the food, cosmetics, and nutraceutical industries.