Davidson Kempner and Afendis Capital completed the acquisition of YSCO from Milcobel.

Davidson Kempner, a global institutional alternative investment management firm, and Afendis Capital, a private equity firm, completed the acquisition of YSCO, a company specializing in producing private label ice cream from Milcobel, cooperative dairy company. Financial terms were not disclosed. "Under Milcobel's ownership, YSCO has grown into a major player in the European private label ice cream market. If the transaction is approved, we are confident that Davidson Kempner and Afendis will provide the focus and capital needed to accelerate YSCO's further growth and enable it to seize opportunities in a dynamic and consolidating ice cream market. The proceeds of this transaction would benefit our member dairy farmers and would enable us to continue to build on the value of our diary activities and partnerships, and to focus on our consumer cheese business and our premium dairy ingredients," Peter Grugeon, Milcobel CEO.