EQT IX, managed by EQT Partners AB entered into a definitive agreement to acquire Chr. Hansen Natural Colors A/S from Chr. Hansen Holding A/S (CPSE:CHR) for €800 million on cash and debt free basis on September 25, 2020. Chr. Hansen Natural Colors A/S reported revenue of €224 million for the year ended December 31, 2019. The transaction is subject to customary conditions and regulatory approvals. The transaction is expected to close in H1 2021. As of January 14, 2021 the transaction is expected to close during the spring of 2021. The proceeds from the divestment will reduce the leverage of Chr. Hansen, and will otherwise be utilized according to the capital allocation principles. The Board of Directors of Chr. Hansen Holding expects to pay out an extraordinary dividend at least equal to a normalized ordinary dividend for 2019/20 from the proceeds of the transaction. Jannan Crozier of Baker & Mckenzie LLP, London, Gavin Bushell of Baker & Mckenzie Cvba and Gorrissen Federspiel I/S acted as legal advisors, Goldman Sachs acted as financial advisor and Deloitte Statsautoriseret Revisionsaktieselskab acted as M&A transaction services, tax and carve-out advisor to Chr. Hansen. Nordea Securities AB acted as financial advisor, Tue Ravnholt Frandsen, Torben Nørskov, Lars Mygind Bojsen, Andreas Steen Vallentin-Hansen, Thomas Weincke, Cecilie Delcomyn Dohn, Dan Ermose, Maria Thornbye Tholstruphede, Sandra Helene Askildsen, Laurits Schmidt Christensen, Kim Toftgaard and Morten Bruus of Accura Advokataktieselskab acted as legal advisor and PricewaterhouseCoopers Sweden acted as M&A transaction services, tax and carve-out advisor to EQT Partners AB. Boston Consulting Group as commercial advisor and Netlight as tech advisor to EQT. EQT IX, managed by EQT Partners AB completed the acquisition of Chr. Hansen Natural Colors A/S from Chr. Hansen Holding A/S (CPSE:CHR) on March 31, 2021. Cees de Jong, incoming Chair of Natural Colors will be joining the board of Natural Colors as Chair to support the company. Odd Erik Hansen will join the company as Chief Executive Officer. Cees De Jong, Christoffer Lorenzen, Xiangwei Gong, Mads Ditlevsen and Carl Martin Borcher will be the new board of directors. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to EQT Partners AB.