Announced
Completed
Financials
Tags
Cross Border
Majority
Single Bidder
Private
Food Products
Italy
food stuffs
food products
Acquisition
Private Equity
Friendly
Completed
Synopsis
Advent International, a private equity firm, completed the acquisition of IRCA, a manufacturer of ingredients and base food products, from Carlyle, a private equity firm, for $1.09bn. “We have identified IRCA as a structural winner in a sector with secular growth tailwinds. IRCA’s long-term growth track record comes from a consistent focus on understanding customer needs, creative innovation, and Italian excellence in high-quality food ingredients. We believe IRCA is perfectly placed for further expansion, reaching a growing number of chefs globally with increasingly innovative solutions. We are very excited to support the management team in the next phase of IRCA’s journey," Francesco Casiraghi, Advent Managing Director.
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