Seaya Andromeda, one of Europe’s leading growth and private equity funds, has acquired a majority stake in Smileat, a Spanish company specializing in organic baby food. The co-founders will continue to lead this new phase, in which the vast majority of existing shareholders retain their stakes, reflecting their confidence in the future of the project.
Smileat closed 2025 surpassing €20 million in revenue for the first time, reaching €21 million after growing by 26%. The company, certified as a B Corp, has thus consolidated its leadership position in organic baby food, with a value proposition centered on health, sustainability, and quality. From its own facilities in Jerez de la Frontera, it is entering a new phase with the goal of tripling its size over the next three years.
The transaction will enable the company to embark on a new phase of growth with additional strategic support, strengthening its position as a benchmark in healthy and sustainable infant nutrition. Key priorities include the development of an active M&A strategy, consolidation of organic growth in Spain, and international expansion with gradual entry into new markets.
To support this growth, Smileat has strengthened its management structure with new hires in key positions and plans a series of product launches in the coming months, combining product innovation with expanded distribution. The company is also working on automation and artificial intelligence projects aimed at improving operational efficiency.
According to Alberto Jiménez, co-founder and co-CEO of Smileat: “We were looking for a strategic partner capable of supporting our growth in Spain and internationally, especially in inorganic growth, and Seaya Andromeda meets all the requirements we were looking for. We are delighted with this new phase.”
Pablo Pedrejón, Partner at Seaya Andromeda, added: “Smileat is a company that has done things right from the start. It has built a brand with a genuine purpose in a demanding market, standing out for its leadership in health and sustainability, based on a differentiated product, a loyal customer base, and a founding team with a clear vision and strong execution capabilities. We are delighted to support them in this new phase and help them consolidate their leadership in an increasingly relevant segment.”
Smileat was founded in 2015 with the aim of offering an organic and high-quality alternative in infant nutrition. Today, it is distributed through major retail chains in Spain and has a presence in several European markets.
About Seaya Andromeda
With €300 million in assets under management, Seaya Andromeda is an Article 9 private equity fund under the SFDR, with the mission of investing in minority or majority stakes in high-growth companies that help address global sustainability challenges, focusing on energy, decarbonization, the circular economy, sustainable food value chains, and process digitalization. Seaya Andromeda is part of Seaya, a European private equity platform with offices in Madrid, Barcelona, and London. Seaya launched its first fund in 2013 and currently manages more than €650 million in assets.
About Smileat
Smileat is a Spanish organic baby food company founded in 2015 by Alberto Jiménez and Javier Quintana, with the goal of developing infant nutrition products made from organic ingredients and aligned with the growing demand for responsible consumption. The company markets baby and early childhood food products, operates a factory in Jerez de la Frontera, and closed 2025 with €21 million in revenue after growing by 26%. In addition to its presence in the Spanish market, Smileat has begun its international expansion, with operations in Portugal, the Czech Republic, Romania, and Poland.
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