Selecta Group secures transformative recapitalisation agreement

SELECTA GROUP B.V.

Selecta Group secures transformative recapitalisation agreement with financial stakeholders to drive long-term growth and profitability

◼Selecta Group’s outstanding debt will be reduced by more than €1 billion
◼€330 million of new money will be invested to support future growth
◼The maturities of the Group’s remaining debt securities will be extended into the second half of 2030, providing long-term financial stability
◼Ownership of Selecta Group will transfer to a Consortium of the Group’s existing long-term institutional investors

CHAM, SWITZERLAND, 30 April, 2025: Selecta Group (the “Group”), a Swiss-based Foodtech leader with a world-class distribution network in Europe, today announces it has entered into a binding agreement with its key financial stakeholders with respect to a comprehensive recapitalisation of the Group (the “Transaction”).

The Transaction will provide the Group with €330 million of new funding to support its long-term business plan. This new funding will be used to refinance the Group’s existing revolving credit facility and strengthen liquidity by providing for significant cash on balance sheet. The Transaction will also reduce the Group’s outstanding debt by c. €1.1 billion upon completion, while the maturities for the remaining debt securities will be extended to the second half of 2030.

This transformative Transaction will provide Selecta with a sustainable and long-term capital structure, ensuring stability and flexibility for the business. Through the Transaction, ownership of the Group will be transferred to supportive long-term institutional investors. The injection of new funds will enable the Group to invest further in its pan-European network and continue executing on its strategy – and provides a strong platform to drive long-term growth and profitability.

Christian Schmitz, CEO of Selecta Group, said: “I am excited to announce this agreement today – it is a transformational and positive step forward for Selecta. Backed by a supportive group of Selecta’s long-term investors, the recapitalisation will provide the business with material new funding to deliver its long-term profitable strategy, as well as significantly deleverage the group and push its remaining debt maturities out by five years. On behalf of the Board, I would like to sincerely thank our financial stakeholders for their support and the confidence they have shown in our business, as well as all of our colleagues at Selecta for their ongoing hard work and dedication. We continue to win new business and expand our Foodtech offering to meet growing demand, as we continue to serve clients across our pan-European network.”

The Transaction is expected to close in Q2 2025, subject to regulatory approvals. The Transaction is being implemented using a controlled enforcement process. This is an agreed and negotiated process with Selecta’s key financial stakeholders.