About private equity

How private equity invests in privately-owned businesses, supports jobs and creates prosperity.

Members

Login to access your exclusive member-only content and account information.

Login

Not a member? Join us

  • Operate to the highest level of professional standards
  • Access authoritative industry research and data
  • Navigate the complex EU regulatory environment
  • Network and engage with industry leaders
Private equity in action - Case Study

Diana

Back to results
Country France
Region Bretagne
Investor Ardian
Share

When Ardian sold its investment in Diana in 2014, the human and animal nutrition group had become the leader in its field, selling its products and services in 23 countries across Europe, North America, Latin America and Asia. During Ardian’s seven-year ownership, the company doubled in size – both in terms of employee numbers and company turnover.

Private equity supported Diana in identifying complementary companies to buy in new areas and in expanding the company’s product range to increase sales in the markets where it was already present. Under Ardian’s ownership, Diana also established a bio-tech arm, DianaPlantSciences, which finds new uses for plant cells, including possible cures for cancer.

Olivier Caix

President & CEO

Diana

Ardian’s understanding of our industry and expertise in achieving external growth have been important in our company’s development. We are now ideally positioned to take advantage of emerging market opportunities. Quotation Marks Graphic
2x

increase in sales to €451m 2007-2013

6

new markets entered 2007-2014

What did the business need?

  • Capital to fund growth of the business
  • Expansion into new international markets
  • Support for product innovation and extension

How did private equity backing create lasting value?

  • Reinforced and developed market positions in pet and human foods
  • Expanded sales into Asia, the US and Eastern Europe
  • Increased focus and spend on Diana’s outstanding R&D capabilities
  • Helped integrate company acquisitions into the group
  • Reinforced management team
  • Provided financing for international growth and opening of new plants
  • Supported the launch of new initiatives including aquaculture and the discovery of new uses for plant cells

What outcomes did private equity investment achieve?

  • Doubled employee numbers to 2,000 between 2007 and 2013
  • Almost doubled sales to €451m in 2013 from €254m in 2006
  • Entered into six new markets, including in Latin America and Asia
  • Grew to have a presence in 23 countries

More information

Diana

Ardian

Share

What can I do to manage cookies stored on my computer or phone?

You can accept or refuse cookies. Accepting cookies is usually the best way to make sure you get the best from a website.

Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.

Help on how to set and customise your cookie settings for your browser

How to manage cookies in Internet Explorer

Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.

How to manage cookies in Firefox

Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.

How to manage cookies in Chrome

Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.

How to manage cookies in Opera 

You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies

How to manage cookies in Safari

Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.

To manage cookies on your mobile phone please consult your manual or handbook.

Get more help about how cookies work with specific browsers.

What happens if I don't accept cookies?

If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.

What happens if I delete my cookies?

If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.

What happens if I change computers or mobile?

If you use a different device, computer profile or browser you will have to tell us your preferences again.

If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.

We can't be responsible for the content of external websites.

Opt-out of cookies

Login

Join today

This is for members only. To view in full login or join Invest Europe today.