Alnut reinforces its commitment to growth by entering a partnership with the Taste of Italy 2 fund
- The Taste of Italy 2 fund, managed by DeA Capital Alternative Funds, acquires 60% of Alnut, while Foodiverse retains the remaining 40%
- This agreement aims to reinforce Alnut’s international growth and to boost its innovation capacity
Carlet (Valencia), 12 January 2021. The investment fund Taste of Italy 2, managed by DeA Capital Alternative Funds SGR S.p.A. and Foodiverse Hold S.L, have signed an agreement under which 60% of the shares of Alimentación y Nutrición Familiar S.L. (Alnut) – a leading company specialising in family and infant nutrition – will belong to the fund and the remaining 40% to Foodiverse, the group to which the company currently belongs.
According to the CEO of Foodiverse, Rafael Boix, “this alliance responds to three main objectives: stability, growth and expansion. These are goals that we have been working towards for years and we want to take a step further to give them a major boost. And in DeA Capital Alternative Funds we have found the right partner to do this with”.
Leopoldo Reaño, Managing Director of DeA Capital Alternative Funds, is also pleased with the deal: “We are very excited to be able to contribute towards Alnut’s expansion, continuing on the path laid out by Foodiverse. We strongly believe that the combination of our sectoral approach together with the capacities of a company like Alnut and its management team and a partner with the experience and reputation of Foodiverse, form very solid foundations on which to build a successful project.”
Gianandrea Perco, CEO of DeA Capital Alternative Funds SGR says, “This is Taste of Italy 2’s first investment in Spain. It is a very important step as it confirms our commitment to expand our regional scope to an international level, remaining loyal to our successful investment strategy”.
In the words of Joaquín Félix, Manager of Alnut, “the collaboration between Foodiverse and DeA Capital Alternative Funds will enable the business to continue to evolve with continual investment, strengthening the pillars of food safety, quality and development of the teams, whilst adhering to our commitment to the environment and innovation”.
Foodiverse has been advised by Banco Sabadell and Pérez-Llorca Abogados, and DeA Capital Alternative Funds with the advice of DC Advisory, Herbert Smith Freehills, PwC, Roland Berger, Marsh & Ramboll.