International legal practice Osborne Clarke has advised growth investor Synova Capital on the management buy-out of Mintec Global, a world leading provider of global pricing data and intelligence for non-traded food ingredients.
The Mintec cloud-based SaaS platform aggregates over 10,000 data series on raw commodity prices and releases over 1 million data points each year. Mintec provides this data and an extensive analytics toolset on a subscription basis to food retailers, food manufacturers and suppliers to support them in reporting, analysing and interpreting food ingredients markets. Mintec’s pricing intelligence forms an integral part of pricing negotiation and budget preparation for over 400 customers including 18 of the world’s top 20 food retailers and 12 of the world’s top 20 food manufacturers. Customers include Tesco, Albertsons, Unilever and Mars.
In addition to its core product, Mintec Online, Mintec is currently rolling out further value-added functionality including AI-driven insight, supplier benchmarking and enhanced forecasting capabilities. Synova’s investment will help support this expansion.
The Osborne Clarke team that advised on the deal was led by Partner Alisdair Livingstone, who was supported by Associate Director Chris Yeo, Legal Director David Nisbet, Senior Associate James Taylor and Associate Isaac Paine