This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Eden Springs 'confident in future growth after sale to Rhone Capital'

17 June 2013

Eden Springs, a Europe provider of water and coffee services in the corporate sector, has signed an agreement for the sale of its business to investment funds affiliated with Rhône Capital. The acquisition is being made based on an enterprise value for Eden of circa €240 million.

Following the completion of the proposed transaction, the company’s existing management team, with support from Rhône Capital and its affiliates (“Rhône”), will continue to develop and grow the company, through investing in organic growth, developing new products and pursuing consolidation of complementary businesses.

Commenting on today’s announcement, Raanan Zilberman, Eden’s CEO who continues to lead the management team of the company, said: “We view the transaction as an opportunity to accelerate the company’s expansion plans. The business strategy, as outlined over the past years, which consists in further developing our full offering of water and coffee products and services, requires investment in marketing, equipment, business development and in acquisition of complementary companies.

“The company is also exploring entering new geographical markets and in particular Eastern Europe, where demand for mineral water is growing. We are pleased to partner with Rhône and are looking forward to implementing our shared vision, which we believe will benefit from Rhône’s experience in successfully building, and creating value in, businesses it has acquired.”


Print this page | E-mail this page

www.fsifm.com
www.uhub.co.com


MOST VIEWED...

View more articles
Article image

WCRS continues expansion drive with appointment of new Director.

Waste Cost Reduction Services (WCRS) are delighted to announce the appointment of Sales Director, Roland Archer. This appointment comes at a very exciting...
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

Mental Health Awareness Week

Today sees the launch of the Mental Health Awareness Week 2021 initiative, hosted by the Mental Health Foundation, which continues to see increasing impetu...

Measuring FM Performance

Counting costs rather than measuring performance and demonstrating value to business is one of the reasons why FM has failed to achieve a strategic role in...
Article image

Preparing for the next round of health and safety legislation

Expectations for new requirements to consider so that each workplace complies with future health and safety legal requirements....
Article image

Queen's Speech announces lifetime skills guarantee for workers

Yesterday saw the airing of the Queen's Speech from Parliament, which has received an enthusiastic reception from many for its announcement on support for ...
https://edition.pagesuite-professional.co.uk/html5/reader/production/default.aspx?pubname=&pubid=78915b1c-0f11-4b5e-9468-ba601ad89761