What's Happening?
Perwyn, a UK-based private equity group, has announced its decision to sell its 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 a majority 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 strategic acquisitions in the UK, Belgium, and Germany, and expanded sales into the Netherlands, Spain, and Italy. The company specializes in fresh and frozen halal meat products.
Why It's Important?
The sale marks a significant transition for Isla Délice, which has grown under Perwyn's ownership to become a prominent halal food specialist in Europe. The change in ownership to A&M Capital Europe could bring new opportunities for expansion and innovation in the halal food market. This move reflects the growing demand for halal products across Europe and the strategic importance of catering to diverse consumer needs. The investment by A&M Capital Europe may further enhance Isla Délice's capabilities and market reach.
What's Next?
With the support of A&M Capital Europe, Isla Délice plans to continue its development in France and across Europe, expanding its product ranges and distribution channels. The company aims to invest in production sites and develop new capacities to better meet consumer expectations. This strategic focus on growth and expansion could lead to increased market share and influence in the halal food industry.
