Cinven welcomes strategic minority investment in Envu from GIC
International private equity firm, Cinven, today announces that it has agreed to sell a strategic minority stake in Envu (‘the Company’), a leading pure-play environmental science solutions provider, to GIC, a leading global institutional investor. Cinven will remain the majority investor in the Company. Financial details of the transaction were not disclosed.
Envu is a global leader in environmental science, offering solutions to foster healthier environments, manage pests, and control vector-borne diseases. The Company offers a differentiated proposition, as a global pure-play environmental science company focused on R&D, with an asset-light business model. Supported by a broad portfolio of established brands and best-in-class innovation capabilities, Envu focuses on professional applications across Pest Management, Turf & Ornamentals, and Vegetation Management end-markets, among others. Envu serves a diverse global customer base across more than 100 countries, and is headquartered in Cary, North Carolina.
Envu was created by Cinven in 2022 through the carve-out from Bayer of its Environmental Science Professional business, leveraging Cinven’s leading industrial carve-out and DACH / North American regional franchises. Since then, Cinven has worked closely with management to drive strong earnings growth, notwithstanding a challenging macroeconomic backdrop, including through:
- Executing a complex carve-out: Cinven executed a complex carve-out to establish a leading independent business with its own corporate identity and brand, standing up supply chain, IT and other enabling functions, also with the support of its Portfolio team;
- Significantly strengthening the organisation: More than 200 new hires have been made since the carve-out, including eight new senior leadership members. The Company’s systems and processes have also been upgraded;
- Accelerating organic growth: Leveraging its differentiated position, Envu has implemented a series of commercial best practices and executed more than 15 in-licensing deals to deliver strong organic growth;
- Buy-and-build: The value-accretive acquisitions of FMC GSS and In2Care have been completed, together with the Actellic portfolio expansion, broadening Envu’s solutions portfolio and footprint; and
- Operational improvements and organisational best practices: A number of initiatives have been implemented, driving profitability uplift, diversifying Envu’s supply chain, and delivering sustainability best practices.
Cinven and GIC are delighted to partner with Envu’s industry-leading management team for the next phase of the Company’s development, and are excited by the future value creation opportunity to capitalize on further organic revenue growth, enhanced profitability, and strategic M&A opportunities.
Pontus Pettersson, Partner and Head of Industrials at Cinven said:
“We have been proud to support Envu’s transformation into a leading independent global environmental science platform. We are excited to continue our ownership alongside our valued partner, GIC, working together to support the Company’s next phase of growth and long‑term value creation. We believe Envu is well positioned to build on its momentum and further strengthen its leadership in the sector.”
Gilles Galliou, CEO of Envu added:
“We are delighted to welcome GIC as a strategic investor in Envu, marking an exciting new chapter for our Company. I would like to thank Cinven for its steadfast support and strategic guidance, which have been instrumental in driving our growth and success to date. Together with GIC and Cinven, we look forward to accelerating our innovation and delivering even greater value to our customers, employees and communities around the world.”
Choo Yong Cheen, Chief Investment Officer of Private Equity at GIC commented:
“Envu’s progress since the carve-out has established a world-class environmental science platform with clear strengths in innovation, portfolio breadth, and customer relationships. We share Cinven and the management team’s long-term vision and look forward to partnering with them to support Envu’s continued growth.”
The transaction is subject to customary regulatory approvals.
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Media contacts
Cinven
| Clare Bradshaw |
Tel. +44 (0)7881 918 967 Email. clare.bradshaw@cinven.com |
| Alison Raymond |
Tel. +44 (0)7826 856198 Email. alison.raymond@cinven.com |
| Brunswick Group (Advisers to Cinven) |
Cinven@Brunswickgroup.com Tel. +44 (0)7834 307 881 |
| Joanna Donne |
Email. jdonne@brunswickgroup.com |
| Max McGahan |
Email. mmcgahan@brunswickgroup.com |
Envu
| Jennifer Poore |
Email. jennifer.poore@envu.com |
| Kate Hayes (agency partner) |
Email. khayes@hlkagency.com |
About Cinven
Cinven is a leading international private equity firm focused on building world-class global and European companies. Its funds invest in six key sectors: Business Services, Consumer, Financial Services, Healthcare, Industrials and Technology, Media and Telecommunications (TMT). Cinven has offices in London, New York, Frankfurt, Paris, Milan, Madrid and Luxembourg.
Cinven takes a responsible approach towards its portfolio companies, their employees, suppliers, local communities, the environment and society.
Cinven Limited is authorised and regulated by the Financial Conduct Authority. Cinven Fund Management S.à r.l. is authorised and regulated by the Commission de Surveillance du Secteur Financier.
In this press release ‘Cinven’ means, depending on the context, any of or collectively, Cinven Holdings Guernsey Limited, Cinven Partnership LLP, and their respective Associates (as defined in the Companies Act 2006) and/or funds managed or advised by any of the foregoing.
For additional information on Cinven please visit www.cinven.com and www.linkedin.com/company/cinven/.
About Envu
Envu was founded in 2022, a company built on years of environmental science experience, for the sole purpose of advancing healthy environments for everyone, everywhere. Envu offers dedicated services in: Professional Pest Management, Forestry, Ornamentals, Golf, Industrial Vegetation Management, Lawn & Landscape, Mosquito Management, and Range & Pasture. Envu collaborates with customers to design innovative solutions that meet their requirements today and well into the future. The Envu portfolio consists of over 250 trusted and well-known brands. The company employs more than 1,000 people, operates in 100 countries, and has four global innovation hubs. For additional information, visit www.envu.com.
About GIC
GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, we take a long-term, disciplined approach to investing. Our asset allocation strategy spans three asset groups – Equities, Fixed Income, and Real Assets. These include investments in developed and emerging market equities, nominal and inflation-linked bonds, private equity, real estate, alternatives, and infrastructure. We are headquartered in Singapore, with a global presence including a talent force of over 2,300 people in 11 key financial cities and investments in over 40 countries. We seek to add meaningful value to our investments and be an investor of choice by leveraging our long-term approach, multi-asset capabilities, and global connectivity.
For more information, please visit gic.com.sg or follow us on LinkedIn.