What's Happening?
Perwyn, a UK-based private-equity group, is set to sell its majority stake in the French halal food company Isla Délice to A&M Capital Europe. The transaction is expected to close later this year, although financial terms have not been disclosed. Perwyn acquired its stake in Isla Délice in 2018 and has since helped the company expand its presence across several European markets. Under Perwyn's ownership, Isla Délice made acquisitions in the UK, Belgium, and Germany, and expanded sales into the Netherlands, Spain, and Italy. The company produces a range of fresh and frozen halal meat products and has invested over €40 million in production sites and new capacities.
Why It's Important?
The sale of Isla Délice marks a significant shift in the halal food market, which is experiencing growing demand across Europe. The change in ownership could lead to further expansion and innovation within the company, potentially increasing its market share. The investment by A&M Capital Europe suggests confidence in the halal food sector's growth potential, reflecting broader trends in consumer preferences for diverse and culturally specific food products. This transaction may also influence other private-equity firms to explore opportunities in the halal food industry.
What's Next?
With A&M Capital Europe's support, Isla Délice plans to continue its development in France and across Europe, expanding its product ranges and distribution channels. The company aims to leverage its new ownership to enhance its market position and meet consumer expectations more effectively. The focus will likely be on increasing production capabilities and exploring new market opportunities.
