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Desmet is pleased to announce it recently reached an agreement for the entry of new shareholders with the full support of the management team. Our new controlling shareholders are Kartesia, an independent and privately-owned European specialist financing small and mid-market companies with €600 million of assets under management, and Bayside Capital, a global investment firm affiliate of H.I.G. Capital with $19 billion of capital under management. Laurent Bouvier, Managing Partner at Kartesia stated: “We are very proud to become the new shareholders of Desmet, the leading global engineering solution and plant provider in the Oils, Fats & Oleochemicals, Detergents, Surfactants, Chemicals, and Feed Mill sectors. We strongly believe in the management team’s abilities to deliver the next phase of development thanks to their innovative technology, high level of customer satisfaction whilst being able to create long term value”. Philippe Bayet, President of Desmet, stated: “We are pleased to welcome two renowned investment firms as our shareholders. Their decision to invest in our Group is a vivid testimony of our successful transformation. Over the years, Desmet became the undisputed market leader in all of its engineering and plant supply activities through its constant innovation and customer dedication: it now enjoys a solid balance sheet to support further growth”. |
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Laurent Bouvier (Kartesia), Alice Cavalier-Feuillet (Bayside) and Philippe Bayet (President of Desmet)