Belmay Inc., (“Belmay”) is a leading global creator and manufacturer of fragrances, used in air care, personal care, fine fragrances, and home care. Because of its vast geographic operations, Belmay wanted to focus its capital and efforts in emerging countries where it already had a strong leadership position. Divesting its Brazilian operations without affecting the existing business required a targeted and confidential approach.


Conexus Capital Advisors Inc. (“Conexus”) helped Belmay to structure / expedite the sale, and successfully execute a sale of the business, at an attractive price, while maintaining full confidentiality.
For Symrise AG (“Symrise”), the Brazilian market constituted a strategic priority and one of the company’s most important sales regions. Symrise had already invested heavily in Brazil, with the development of a center of excellence, and production facilities, which could absorb Belmay’s customer portfolio and production know-how.

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