GIC purchases minority stake in Envu 

International private equity firm Cinven has agreed to sell a strategic minority stake in Envu, an environmental science solutions provider, to GIC, a 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. Supported by a broad portfolio of established brands and best-in-class innovation capabilities, Envu focuses on professional applications across pest management, turf and ornamentals and vegetation management end-markets. Cary, N.C.-based Envu serves a diverse global customer base across more than 100 countries.  

“We are delighted to welcome GIC as a strategic investor in Envu, marking an exciting new chapter for our Company,” said Gilles Galliou, CEO of Envu.  “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.”  

Envu was created by Cinven in 2022 through its acquisition of Bayer’s Environmental Science professional business. Since then, Cinven has worked closely with management to drive strong earnings growth, notwithstanding a challenging macroeconomic backdrop, including through the following: 

• Executing a complex acquisition: Cinven executed a complex acquisition 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 organization: More than 200 new hires have been made since the creation of Envu, 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 Corp. and In2Care have been completed, together with the Actellic portfolio expansion, broadening Envu’s solutions portfolio and footprint. 
• Operational improvements and organizational best practices: A number of initiatives have been implemented, driving profitability uplift, diversifying Envu’s supply chain and delivering sustainability best practices. 

 “We have been proud to support Envu’s transformation into a leading independent global environmental science platform,” said Pontus Pettersson, partner and head of industrials at Cinven. “We are excited to continue our ownership alongside our valued partner, GIC, working together to support the Company’s next phase of growth and longterm value creation. We believe Envu is well positioned to build on its momentum and further strengthen its leadership in the sector.”

“Envu’s progress … has established a world-class environmental science platform with clear strengths in innovation, portfolio breadth and customer relationships,” said Choo Yong Cheen, chief investment officer of private equity at GIC. “We share Cinven and the management team’s long-term vision and look forward to partnering with them to support Envu’s continued growth.”