Nedspice
Squarefield acted as exclusive financial advisor to Nedspice on the refinancing and increase of its financing facilities
In February 2025, our client Nedspice Holding B.V. (“Nedspice” or the “Company”), a global player in the sourcing, processing, and distribution of spices, herbs, and dehydrated vegetables successfully refinanced and expanded its financing facilities. The new financing structure primarily consists of an asset-based lending facility that finances working capital supporting Nedspice’s business across multiple locations in Europe, Africa and North America. This structure enables Nedspice to invest in the continuation of its growth and ambitious plans.
Squarefield acted as exclusive capital advisor to the Company, arranging a competitive bank financing package provided by a syndicate of Deutsche Bank and Rabobank.
Nedspice
Nedspice is active in the sourcing, processing, and distribution of spices, herbs, and dehydrated vegetables. The Company covers the entire value chain from farmers to food producers, and as a result, Nedspice is able to provide its customers with best-in-class products that can be traced back all the way to the farms.
A large part of the raw materials is sourced through the Nedspice Farmers Partnership Programme. Through this programme Nedspice supports local farmers in making its cultivation practices more environmentally friendly, economically, and socially sustainable. This programme started in 2013 and currently includes over 6,000 farmers from 225 villages that cultivate in excess of 30,000 ha. The processing of products includes a wide range of capabilities including cleaning, dehydration, sterilisation, and grinding of the spices, herbs and dehydrated vegetables.
Nedspice is able to provide significant added value for its customers through its supply chain controls, high product quality and excellent services, resulting in long-lasting partnerships. Customers predominantly are blue-chip multinationals, who rely on Nedspice for its spices and thus its flavours.
Alfons van Gulick – Chief Executive Officer Nedspice“We are pleased to have concluded this refinancing. The existing financing was limiting our ability to grow as a company. The new financing structure has ample headroom and flexibility, enabling us to accelerate our growth.”
“We are grateful for Squarefield’s longstanding support, as well as its expertise and guidance throughout this transaction. Their dedication and persistence in this process were instrumental in the successful completion of the refinancing.”