International private equity firm Cinven has signed an agreement with Bayer AG to acquire its Environmental Science Professional business for a total enterprise value of USD2.6 billion (~EUR2.4 billion).
Bayer Environmental Science Professional (BESP) is a leading global provider of products and services to create healthier environments, to manage pests, and to eliminate vector-borne diseases, across a range of end-markets.
BESP has an extensive product portfolio to manage pests (such as rodents, pest insects and invasive weeds) in a sustainable and responsible manner, including for the vegetation management, range and pasture, forestry and turf and ornamentals markets. In addition, BESP markets products to protect against vector-borne diseases such as malaria, and to promote public health objectives in the developing world.
Read more: Private Equity Wire
