Food and Beverage Business
Finance

Prinsen Berning, a sports-nutrition group, secures new funding

Prinsen Berning, a sports-nutrition group, secures new funding Shelf-stable Food and Beverage Business

Prinsen Berning, a sports-nutrition group, has recently secured a “long-term” financing agreement with Eurazeo, a European investment group. The financial details of this agreement have not been disclosed. Despite this new financing agreement, Bencis Capital Partners, a Dutch investment firm, will continue to be the major shareholder, holding a vast majority of shares, with the remaining shares split among management and key employees. The financing does not involve any equity, as confirmed by the group.

The company has seen significant transformations under the ownership of Bencis Capital Partners, allowing it to accelerate its growth journey in partnership with customers. Prinsen Berning specializes in producing active nutrition bars and powders, catering to a market that is currently experiencing rapid expansion.

CEO Bas van den Berg expressed his enthusiasm about the financing, stating that it will support the company’s growth journey in delivering excellent products and innovations to support their brands. The investment will primarily focus on enhancing efficiency through automation and expanding capacity within the company.

Prinsen Berning was established through a merger between Prinsen, Berning, and Royal Buisman between 2016 and 2017 under funds managed by Bencis Capital Partners. The group operates facilities in the Netherlands and Germany, employing around 500 full-time staff. It is projected to achieve a turnover of approximately €200m ($217m) for the financial year 2024.

The company offers a range of products, including protein bars and powders, meal replacement bars and shakes, nutritional supplements for both children and adults, as well as creamers and instant hot beverages. Its customer base includes leading nutrition companies globally, local brands, and European retailers. Prinsen Berning distributes its products across Europe, the US, Latin America, the Middle East, and China.

Yordi Malawauw, investment director at Eurazeo, commended Prinsen Berning’s standing in the active nutrition market and its strong financial performance. Eurazeo, with assets under management totaling around €35bn ($38bn), is pleased to support the company’s growth strategy while solidifying its partnership with Bencis.

In conclusion, Prinsen Berning’s recent financing agreement with Eurazeo marks a significant milestone in the company’s growth trajectory. With a focus on innovation and customer service, the company is poised for further expansion in the food and beverage industry.

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