September 22, 2015

22/09/2015: Altor and Goldman Sachs Merchant Banking Division to acquire Hamlet Protein

Altor Fund IV and Goldman Sachs Merchant Banking Division have partnered to acquire the majority of Hamlet Protein from Polaris Private Equity and the founder of the company, Ole K Hansen.
Hamlet Protein is a global provider of soy-based protein solutions used in high value-add animal feed for young animals. The company services more than 50 countries from its two production facilities in Horsens, Denmark and Findlay, Ohio.

“This is another important milestone for Hamlet Protein and we are very excited about our new partnership with Altor and Goldman Sachs Merchant Banking Division”, says Søren Munch, CEO of Hamlet Protein.
Image: Flazingo Photos
“With the strong support of Altor and Goldman Sachs Merchant Banking Division we are uniquely positioned to accelerate the development and growth of Hamlet Protein and better service our customers and partners globally.”

“We have made a successful management succession and turned Hamlet Protein into a leading global provider of specialty soya for young animal feed with a strong market position in Europe, US and Asia through developing global sales organization and significant investments in expanding capacity including establishing a sales and production facility in the US", says Niels Worning, Partner at Polaris Private Equity.

”It has been a very successful partnership with Polaris, where we, along with a strong new leadership has managed to achieve a great development for Hamlet the recent years with a significant strengthening of Hamlet's global market position," says founder of Hamlet Protein, Ole K Hansen.

“We are looking forward to continuing the positive development of Hamlet Protein started by Polaris in our equal partnership with Goldman Sachs Merchant Banking Division”, says Søren Johansen, Partner at Altor Equity Partners. 
“We believe that Hamlet Protein is ideally positioned to become the global champion within high value-add young animal feed.”

“We are impressed by the high value-add young animal feed platform that the management team and employees have built under the current ownership”, says Michael Specht Bruun, Managing Director in the Merchant Banking Division of Goldman Sachs.

“We see significant growth potential globally and are excited about partnering with Altor and the management team to support the company’s impressive growth trajectory both organically and through acquisitions.”

Closing of the transaction is subject to customary regulatory requirements and approvals.

William Blair acted as exclusive financial advisor to the selling shareholders. Nordea has provided debt financing for the transaction.
Visit the Hamlet Protein site HERE.

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