Investec acted as Joint Financial Adviser, Joint Rule 3 Adviser and Joint Broker to Treatt plc on the c.£157 million recommended offer by Natara Global Limited, an independent global manufacturer of flavour and fragrance ingredients.
About the deal
The transaction will bring together two highly complementary businesses to create a leading global ingredients platform in the Flavour and Fragrance (F&F) sector, leveraging Natara’s expertise in specialty base aromas and Treatt’s long-standing capabilities in high-value natural ingredients. Together, they will be able to accelerate innovative solutions and provide customers with a broader product portfolio across key markets. The transaction will offer significant strategic and operational benefits, such as a global salesforce and state of the art facilities to capitalise on opportunities not readily available to either company on a standalone basis.
About Treatt plc
Treatt is a United Kingdom-headquartered global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance, and multinational consumer product industries, particularly in the beverage sector. Treatt was established in 1886, incorporated in 1981 and is listed on the London Stock Exchange. It has well established research and manufacturing plants in the UK and US, and the soon to be opened commercial and innovation facility in China will support its existing infrastructure and capabilities.
Our role
Our UK Corporate Broking & PLC Advisory and Consumer M&A Advisory teams are pleased to have acted as Joint Financial Adviser, Joint Rule 3 Adviser and Joint Broker to Treatt plc in relation to the c.£157 million recommended offer by Natara Global Limited, a company controlled by funds managed by Exponent Private Equity LLP.
Investec’s relationship with Treatt spans over 20 years, having advised the company on a number of pivotal strategic events.
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“With the support of Exponent, Natara has been investing for growth since 2023. By combining with Treatt, we will be strongly positioned to continue our growth journey. The combination of Natara and Treatt will bring together two complementary businesses, expanding our product portfolio, accelerating our capability in innovation and delivering an enhanced customer proposition globally. The combination also will create more opportunities for each company’s teams, with greater capacity for collaboration and investment in talent. Together, we can unlock the long-term growth within Treatt’s business by providing the required investment, additional operational expertise, and flexibility that comes with private ownership. We are excited by the combination and the opportunities we believe it presents to our employees, customers and other key stakeholders.”
