Global Icecream Investments S.à r.l., an independently managed investment subsidiary of Investindustrial VIII SCSp (“Investindustrial”) has entered into a sale and purchase agreement with the shareholders of Asociación de Industrias Alicantinas del Helado y Derivados, S.A. (“Grupo Alacant” or the “Company”) for the purchase of the majority of its share capital.
Founded in 1972 by 35 ice cream makers and headquartered in Alicante (Spain), Grupo Alacant is a leading independent ice cream manufacturer in Spain focused predominantly on private label ice cream for modern retail clients and on co-manufacturing for leading branded ice cream players. The Company produces and commercialises a wide range of products (e.g., bulk, tubs, cones, extrusion sticks, sandwiches, etc.) and boasts a strong track record of service levels, food safety and product quality with its longstanding customers. The Company generated approximately €225 million of revenue in 2024, has four manufacturing plants (1 in Alicante, 1 in Murcia and 2 in Madrid) and employs approximately 850 people.
The acquisition of Grupo Alacant comes at a pivotal moment, as the Company aims to continue serving its key customers in Spain and further reinforce its industrial footprint and plant productivity through significant investments, while accelerating its internationalisation strategy, both organically and inorganically, to become one of Europe’s leading independent private label ice cream players.
Grupo Alacant will capitalise on Investindustrial’s deep sector knowledge in the food category, with past investments such as Natra and a current portfolio of investments that generate aggregated sales of approximately €8bn in private label, ingredients and frozen bakery among others, including companies such as Sammontana / Forno d’Asolo, Amalfi (La Doria / Winland Foods), CSM Ingredients and Eataly.
Andrea C. Bonomi, Chairman of the Investindustrial Industrial Advisory Board, commented: “Grupo Alacant operates in an industry very well-known to Investindustrial due to our prior and current investments in the private label food category. We are proud to invest in Grupo Alacant since we believe we can help the Company in its next phase of development as it looks to strengthen its position in Spain and expand beyond its home market. Grupo Alacant is well-positioned for success driven by the support of our international development offices and the expertise of our operational improvement team.”
Joaquin Lancis, CEO of Grupo Alacant, commented: “We are very excited to partner with Investindustrial as we look to further reinforce our position with our key customers and to grow the Company further outside of Spain. Given Investindustrial’s track record and deep knowledge of the private label food category, we strongly believe it is the right shareholder to further support Grupo Alacant while strengthening the operational footprint. We are confident that Investindustrial’s experience and contribution will allow Grupo Alacant to become a leading player in the European market. We look forward to a successful partnership.”
About Investindustrial
Investindustrial is a leading European group of independently managed investment, holding and advisory companies with approximately €16 billion of raised fund capital. With ESG principles deeply embedded into the Firm’s core approach, Investindustrial has a 35-year history of providing mid-market companies with capital, industrial expertise, operational focus and global platforms to accelerate sustainable value creation and international expansion.
Certain companies of the Investindustrial group are authorised by, and subject to regulatory supervision of the FCA in the United Kingdom, the CSSF in Luxembourg and the Financial Services Regulatory Authority in Abu Dhabi Global Markets. References to ‘Investindustrial’ are of generic nature, for ease of reading, and may refer, depending on the context, to a fund or any of its independently managed subsidiaries. Investindustrial’s investment companies act independently from each other and each Investindustrial fund. Additional information is available at www.investindustrial.com.
BI-Invest Endowment Management S.à r.l. (the “Manager”) is the manager of Investindustrial VIII SCSp (the “Fund”) and is registered in the Grand Duchy of Luxembourg with its registered address at 11, rue Aldringen, L-1118 Luxembourg, and company number B191217. BI-Invest Endowment Management S.à r.l. is authorised and regulated by the Commission de Surveillance du Secteur Financier (“CSSF”) as an Alternative Investment Fund Manager.
Investindustrial Advisors Limited is the delegated portfolio manager of the Fund and is registered in England and Wales with its registered address at 1 Hoopers Court, London, SW3 1AF and company number 01316019. Investindustrial Advisors Limited is authorised and regulated by the United Kingdom’s Financial Conduct Authority with Financial Services Register number 170924.
cloud technology axon
Xcalibur Smart Mapping, recognised as the global leader in airborne...
