Cinven welcomes strategic minority investment in Envu from GIC

London, U.K.-based Cinven, an international private equity firm, recently announced that it is selling a minority stake in Envu. Subject to customary approvals, Cinven will remain the majority investor; further financial details were not disclosed.

The transaction is subject to customary regulatory approvals.

Envu specializes 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. Envu serves a diverse global customer base across more than 100 countries, and is headquartered in Cary, N.C. 

Envu was created by Cinven in 2022 through the carve-out of Bayer’s environmental science professional business, leveraging Cinven’s DACH / North American regional franchises. Since then, Cinven has worked closely with management to drive strong earnings growth, in the face of 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.
• Organizational structuring: 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.
• Accelerated 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.

Comments from each partner

Pontus Pettersson, partner and head of industrials at Cinven, said in a news release, “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 PE 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.”

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. 

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 and 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.

About GIC

Singapore-headquartered GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, the company takes a long-term, disciplined approach to investing. Its asset allocation strategy spans three asset groups – equities, fixed income and real assets. Including investments in developed and emerging market equities, nominal and inflation-linked bonds, private equity, real estate, alternatives and infrastructure.