Portobello Capital Acquires 45% Stake in Onion Solutions (Eurocebollas)

Platinum Equity Acquires Majority Stake in Iberconsa from Portobello Capital

March 7, 2019

Food & Beverage

Platinum Equity agreed to acquire and completed the purchase of a majority stake in Grupo Ibérica de Congelados, S.A. (Iberconsa) from Portobello Capital and affiliates of the company's founding families; financial terms were not disclosed. Headquartered in Vigo, Spain, Iberconsa is a vertically integrated global provider of frozen seafood with an owned fleet of ~45 vessels, five processing plants and four cold storage facilities, and Platinum plans to support further growth through operational improvements and M&A while CEO Alberto Freire remains in place.

ProA Capital Acquires 50% Stake in Patatas Hijolusa

December 21, 2021

Food & Beverage

Spanish private equity firm ProA Capital has acquired a 50% stake in Patatas Hijolusa in a transaction valued at about €100 million via a share purchase and a capital increase. The founding family (José and Carlos Gómez Pérez) will retain 50% and continue to run the business as Hijolusa pursues international expansion (France and Italy), increased R&D and digitalization, and a buy-and-build strategy.

ACON Investments Acquires Majority Stake in Sola de Antequera (Alsur)

July 31, 2020

Food & Beverage

ACON Investments, together with Madrid-based Quarza Inversiones, acquired a majority stake in Sola de Antequera S.A. (Alsur), a producer, processor and distributor of preserved and canned vegetables with production facilities in Spain and Peru and sales across Spain and the United States. The Jiménez Family and Mario Mustafá Aguinaga retain a significant minority stake; ACON said the strategy will focus on expanding Alsur's footprint in Spain and accelerating growth into the U.S.

Ergon Capital Acquires Majority Stake in Millbo–BioNaturals Group

December 16, 2020

Food & Beverage

Ergon Capital Partners IV SCSP has closed the acquisition of a majority stake in Millbo, BioNaturals International and BioNaturals Europe (together "Millbo–BioNaturals"), creating a global supplier of natural, clean-label bakery ingredients. The sellers (including Millbo/Boggiani family and other shareholders) will reinvest alongside Ergon, and the investment is intended to accelerate growth through geographic expansion, product cross-selling and a buy-&-build strategy.

Fortino Capital Acquires Majority Stake in Bonitasoft

March 8, 2022

Software

Fortino Capital Partners acquired a majority stake in Bonitasoft from former investors including Bpifrance, Auriga Capital, Serena Capital and Ventech, with Bonitasoft founders Miguel Valdes and Charles Souillard reinvesting. The investment will support acceleration of Bonitasoft’s cloud offering, product innovation in process analytics, expanded sales and partner strategy, and international growth.

Butterfly Equity Acquires Bolthouse Farms from Campbell Soup Company for $510 million

June 17, 2019

Food & Beverage

Butterfly Equity, a Los Angeles-based private equity firm focused on the food sector, agreed to acquire Bolthouse Farms from Campbell Soup Company for $510 million in cash. Bolthouse Farms, founded in 1915 and headquartered in Bakersfield and Santa Monica, California, is a vertically integrated producer of fresh carrots, refrigerated premium beverages and refrigerated salad dressings with approximately 2,200 employees; Butterfly named Jeff Dunn as CEO following the transaction.