A&M Capital Europe (“AMCE”), a London-based middle-market private equity investment firm with €650 million of commitments under management, announces the signing of a definitive agreement to acquire a majority stake in Isla Délice (the “Company”), a leading producer of halal packaged foods, from Perwyn, subject to customary closing conditions. The acquisition was signed in partnership with the management team and is expected to close later this year.
Founded in 1990 and headquartered in France, Isla Délice has successfully established itself as a pioneer of modern halal foods in France, recognised for its commitment to quality and continuous innovation. AMCE believes halal packaged food is a rapidly expanding category, driven by strong market tailwinds. The Company offers a diverse portfolio of products across delicatessen, frozen foods, ready meals, and various ambient categories. Isla Délice has six brands in its portfolio, including the Isla Délice flagship brand, as well as a complementary private label offering.
Building on a strong presence in France, the Company has recently expanded internationally through acquisitions in Belgium, the UK, and Germany, while also recently organically entering the Netherlands, Spain, and Italy. Isla Délice’s five production facilities have significant capacity to support future growth and are supported by an extensive logistics network with hubs in key centres across Europe.
The partnership with AMCE is expected to enable Isla Délice to leverage its leadership, innovation expertise, manufacturing capabilities, and strong and longstanding customer partnerships to accelerate organic growth. The Company plans to expand its product range, broaden its distribution channels, and pursue strategic acquisitions both in France and internationally, with the aim of transforming Isla Délice into a leading pan-European halal supplier.
Isla Délice will continue under the leadership of its existing management team, led by CEO Eric Fauchon, with Eric and his team investing alongside AMCE. AMCE was advised by Weil, Gotshal & Manges as legal adviser, Natixis Partners, IKSEL & Co and Spayne Lindsay as financial advisers, EY Parthenon and Food Strategy Associates as commercial advisers, Alvarez & Marsal as accounting and operations adviser, EY as tax adviser, and West Monroe as IT adviser.
About A&M Capital Europe
AMCE is a London-headquartered private equity investment firm specialising in building pan-European platform companies through buy-and-build and organic growth initiatives. AMCE Fund I currently has €650 million of commitments, and Isla Délice represents AMCE’s ninth platform investment and thirty-third transaction. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm that manages commitments totalling ~€6 billion across all its investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal Holdings, LLC, a leading global growth and operationally focused advisory firm. For additional information, please visit AMCE’s website at www.a-mcapital.com.
