INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) Form 8-K — Jun 1, 2026
International Flavors & Fragrances (IFF) has entered into an agreement to sell its Food Ingredients business to funds advised by CVC Capital Partners for approximately $4.3 billion. The transaction values the business at an enterprise value-to-EBITDA multiple of approximately 10x, based on 2025 EBITDA of $430 million and sales of $3.1 billion. IFF will retain a ~10% minority equity interest in the spun-off business, valued at approximately $200 million, and expects to receive net cash proceeds of ~$3.8 billion. The company intends to use the proceeds for debt reduction, share repurchases, and reinvestment in its core Taste, Scent, and Health & Biosciences segments.
Key figures
- Deal Value Usd
- 4300000000
- Gross Proceeds
- 3800000000
- Ev ebitda multiple
- 10
- Minority stake value
- 200000000
- Minority stake percent
- 9.9
- Fy2026 sales guidance low
- 10500000000
- Fy2026 ebitda guidance low
- 2050000000
- Fy2026 sales guidance high
- 10800000000
- Fy2026 ebitda guidance high
- 2150000000
- Divested business sales 2025
- 3100000000
- Divested business ebitda 2025
- 430000000
- Total divestiture proceeds historical
- 10000000000
Price after filing
Close on the filing date to close N calendar days later (from $74.26). Historical, not a forecast.
AI analysis
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