Global private equity giant CVC Capital Partners is in advanced negotiations to acquire Irca Group from Advent International, with the deal estimated to value Irca at approximately €3 billion (around $3.2 billion). This acquisition could become one of the largest mergers in the European consumer sector this year.
Founded in 1919 and headquartered in Italy, Irca Group is a leading producer of premium baking ingredients, chocolates, and dessert components, catering to global bakers and food industry clients. Under Advent International's ownership since 2017, Irca has expanded internationally and enhanced its product offerings, transforming into a global supplier of food ingredients.
CVC Capital Partners, with assets under management of about €200 billion, has extensive investment experience in the consumer and food sectors. The acquisition of Irca is expected to bolster CVC's strategy in this domain, furthering Irca's international expansion and leveraging CVC's global resources for future growth.
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