Cinven Acquires Bayer Environmental Science Professional (Envu)

March 10, 2022

International private equity firm Cinven has acquired Bayer's Environmental Science Professional business for $2.6 billion. The carved-out business, headquartered in Cary, North Carolina and operating as Envu with nearly 900 employees, will run as an independent platform focused on pest management, vector control and vegetation management while Bayer uses proceeds to reduce net debt.

Buyers
Cinven
Targets
Bayer Environmental Science Professional (Envu)
Sellers
Bayer AG
Location
North Carolina, United States
Transaction Type
Buyout

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