# INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) — capital_return/buyback_authorization [pending]
Source: SEC API (secapi.ai) · situation sit_98c1a5760ed99a337b88 · retrieved 2026-08-13T09:39:26.191Z

## Overview
International Flavors & Fragrances Inc. is a global leader in flavors, fragrances, and health and biosciences, delivering innovations in taste, scent, and health & biosciences segments serving food, beverage, fragrance, and consumer products customers.

On May 29, 2026, International Flavors & Fragrances Inc. (IFF) entered into a definitive agreement to sell its Food Ingredients business to funds advised by CVC Capital Partners for net cash proceeds of approximately $3.8 billion, subject to customary transaction adjustments. IFF will retain an approximately 10% minority equity interest in the business to enable continued collaboration and participation in future value creation. The transaction is expected to close by the end of the second quarter of 2027, subject to customary closing conditions and receipt of regulatory approvals. The Food Ingredients disposal group comprises a diversified portfolio of texturants, emulsifiers, plant-based solutions, and specialty ingredients serving multinational food and beverage customers.

## Terms
- Counterparty: CVC Capital Partners · Deal value: $3.80B · Consideration: cash · Stake: 10%

## Key dates
- Announced 2026-08-04 · Expected close 2027-06-30

## Timeline
- 2026-08-04 · 8-K (0000051253-26-000028): 8-K - INTERNATIONAL FLAVORS & FRAGRANCES INC — *International Flavors & Fragrances Inc. is a global leader in flavors, fragrances, and health and biosciences, delivering innovations in taste, scent, and health & biosciences segments serving food, beverage, fragrance, and consumer products customers.* On May 29, 2026, International Flavors & Fragrances Inc. (IFF) entered into a definitive agreement to sell its Food Ingredients business to funds advised by CVC Capital Partners for net cash proceeds of approximately $3.8 billion, subject to customary transaction adjustments. IFF will retain an approximately 10% minority equity interest in the business to enable continued collaboration and participation in future value creation. The transaction is expected to close by the end of the second quarter of 2027, subject to customary closing conditions and receipt of regulatory approvals. The Food Ingredients disposal group comprises a diversified portfolio of texturants, emulsifiers, plant-based solutions, and specialty ingredients serving multinational food and beverage customers.
  https://www.sec.gov/Archives/edgar/data/51253/0000051253-26-000028.txt

## Citations
- 0000051253-26-000028 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000005125326000028