Tailored investment approach for value creation.
We are a specialist investor in manufacturing businesses in the wider consumer and healthcare space in Europe.
Driving success in established and new markets.
We focus on high-potential investments within the food and pharmaceutical sectors, reflecting our core investment philosophy.
We have also successfully expanded our portfolio into additional high-growth industries, leveraging our operational expertise and financial acumen to create substantial value in each transaction.
YSCO
Investment Date: January 2025
Industry: Food Manufacturing
Headquarters: Belgium
Founded in 1949, YSCO is the leading private label ice cream manufacturer in Europe. The company has two large manufacturing facilities in Belgium and France with an annual production capacity of c. 200 million liters. YSCO serves majority of the retailers in Western European markets. The company’s top markets include Germany, Netherlands, Belgium, and Italy and its customers include largest retailers in the region. YSCO has diversified production capabilities including sticks, cones, tubs, and cups. YSCO is acquired as part of a complex carve-out from its parent company.
Together YSCO and Gelato d’italia, Glacier, is one of the largest private label ice cream manufacturers in Europe.
Gelato d’Italia
Investment Date: November 2022
Industry: Food Manufacturing
Headquarters: Italy
Founded in 1930, Gelato d’italia is the leading independent ice cream producer in Italy and a key production partner for global ice cream leaders and retailers. Gelato acquired Gelati Giuntoli, a local manufacturer in February 2024. Following this acquisition, the company has 2 manufacturing facilities in Italy, one in Cavriago and one in Montignoso with a total annual manufacturing capacity of over 48 million liters.
Gelato has a wide range of product manufacturing capabilities including sticks, cones, sandwiches, bon bons, bars, tubs, and is the largest molded stick manufacturer in Europe. The company boasts unmatched R&D and innovation capabilities which enables exceptional speed to market.
Cerealto
Investment Date: June 2022
Sector: Food Manufacturing
Headquarters: Spain
Founded in 1991, Cerealto is the leading third-party manufacturer of biscuits, cereals, snacking bars, and pasta in Europe. In July 2024, Cerealto acquired Hill Biscuits which is one of the leading private label biscuits manufacturers in the UK, reinforcing its position in the UK market and exited its Italian Pasta business Pastificio Mediterranea.
The company has 10 manufacturing sites in four countries. Cerealto focuses on private label manufacturing for major retailers and co-manufacturing for leading global brand owners.
Sanovel
Investment Date: March 2020
Industry: Pharmaceuticals
Country: Turkey
Founded in 1983, Sanovel is the fourth largest generic drugs manufacturer in Turkey. The company has diversified manufacturing capabilities with various production forms including solids, semi-solids, liquids and sterile injectables. EU GMP and US FDA approved production facility in Istanbul has an annual production capacity of over 180 million boxes.
Sanovel focuses on various therapeutic areas, including alimentary tract and metabolism, musculo-skeletal system, cardiovascular system, respiratory system, central nervous system, anti-infective, blood, and blood forming organs products. Sanovel has a strong track record of launching first-to-market branded generics leveraging its strong R&D capabilities and boasts a robust portfolio of primarily owned patents.
We welcome the opportunity to collaborate.
For further enquiries or to discuss potential investment opportunities, please do not hesitate to contact us.