AEB

AEB enables winemakers and brewers around the world to improve natural processes, using 99% natural ingredients. It offers a one stop shop solution: ingredients can be bundled with detergent solutions and equipment. AEB develops formulas, assembles raw materials, tests them, outsources yeast production and distributes its advice and products on a global scale.

More information
www.aeb-group.com

6.3%

Ownership

€132m

Turnover: ca. (2022)

2019

Date of acquisition

Registered office
Brescia, Italy

Business Sector
Industrials

One of the leaders in wine & beer ingredients, also active in detergents and equipment used in food & beverage production processes.

Investment thesis

Our investment thesis is built on several attractive attributes:

AEB is one of the global leaders in its core wine ingredients sub-sector
AEB benefits from strong cross-selling opportunities
It is a global company with direct sales presence across continents
A fragmented market with some worldwide bolt-on M&A opportunities
AEB is set to further (i) expand oenology in underpenetrated markets, (ii) maintain tactical positioning in beer segment, (iii) reinforce its presence in the detergent business and (iv) enhance its equipment offering, all contributing to organic growth

Achievements

AEB achieved 10%+ revenue growth in 2022
It successfully conquered new markets in the wine segment and increased cross-selling
It started to diversify its geographic exposure outside of Italy, gradually expanding in most important wine production countries: Argentina, Australia, France, Portugal, South Africa, Spain and USA
It developed its digital capabilities, with a new ERP and CRM
AEB closed its first acquisition in France in 2021