H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, a global alternative investment firm with $74 billion of capital under management, arranged a €120 million financing package for Nasta Petfood.
The financing supports the acquisition of FirstMate Pet Foods, a pet food manufacturer based in British Columbia, Canada and the continued execution of the group’s development strategy in North America. Following this transaction, the combined group will operate an integrated industrial platform across Europe and North America.
Geoffroy Lefebvre, CEO of Nasta, said, “Our partnership with H.I.G. WhiteHorse marks the beginning of a new chapter of growth and maturity for Nasta. The support and trust of this world-class institution highlight the credibility of our project, of our teams and of our brands’ heritage. As we are engaging in this growth path, we are very pleased with the opportunity to partner with the H.I.G. teams to shape the future of our group.”
Pascal Meysson, head of H.I.G. WhiteHorse Europe, said, “We are delighted to support Nasta with a financing solution tailored to its strategic ambitions. This transaction highlights H.I.G. WhiteHorse Europe’s ability to deliver flexible, scalable capital to help sponsor-less businesses execute transformative cross-border acquisitions.”
Charles Bourgeois, managing director at H.I.G. WhiteHorse Europe, said, “We are pleased to support Nasta in this important new phase of its development. Nasta is an amazing business: it has a strong positioning in the attractive and resilient ultra-premium pet nutrition segment, integrated industrial capabilities, a compelling international growth strategy, a high-caliber management team and highly experienced shareholders. The acquisition of FirstMate Pet Foods marks a key milestone in the group’s expansion and significantly strengthens its footprint in the strategic North American market.”
